The Iraqi-Saudi Coordination Council
money and business
Economy News – Baghdad:
The Saudi News Agency revealed that the Iraqi Ministry of Finance signed with the Saudi Fund for Development a memorandum to provide loans for a number of development projects in Iraq.
The agency said, in a news published today, the Iraqi-Saudi Coordination Council concluded its third session today in Saudi Arabia, which came as an extension of efforts to strengthen relations between the two brotherly countries at the strategic level, cooperation in various fields, developing partnership between the private sector in the two countries and opening new horizons of cooperation in Economic and development fields, deepening joint cooperation in important international and regional affairs, and protecting common interests .
The Iraqi side was represented during the works of the third session of the Council, a ministerial delegation headed by the Deputy Prime Minister of Iraq and Minister of Finance Ali Abdel Amir Allawi, and the membership of His Excellency the Prime Minister of Iraq, Minister of Planning, Minister of Oil, Minister of Health, Minister of Electricity, Minister of Agriculture, Minister of Youth and Sports, and Secretary-General of the Council Ministers, Undersecretary of the Ministry of Foreign Affairs, and the Ambassador of the Republic of Iraq to the Kingdom .
The Minister of Commerce, Dr. Majid Al-Qasabi, also headed the Saudi side during the course of the session, which was attended by the Minister of Energy, the Assistant Chief of General Intelligence, the Minister of Environment, Water and Agriculture, the Minister of Investment, the Chairman of the Board of Directors of the Saudi Fund for Development, the Minister of Education, the Minister of Industry and Mineral Resources, and the Minister of Transport, Deputy Minister of Interior, Deputy Minister of Finance, Deputy Minister of Economy and Planning, Governor of the General Authority of Customs, Governor of the General Authority for Foreign Trade, Secretary General of the Saudi side in the Saudi-Iraqi Coordination Council, Undersecretary of the Ministry of Foreign Affairs for Political and Economic Affairs, Undersecretary of the Ministry of Health for Public Health, and Ambassador Khadim The Two Holy Mosques to the Republic of Iraq, in addition to the President of the Saudi Business Council and a selection of Saudi businessmen .
The council’s work included holding a number of meetings, members of the Saudi-Iraqi Coordination Council, during which the meetings reviewed the most important developments of the council and the committees emanating from it. To provide loans to a number of development projects in Iraq, and a memorandum of cooperation in the health field between the two sides was signed to confront the Corona virus crisis and provide medical assistance to the Iraqi side in implementation of the directives of the Custodian of the Two Holy Mosques, may God protect him .
The council’s work also included holding several bilateral meetings between the two sides with the participation of the private sector in the Kingdom to discuss opportunities for cooperation in all fields and the development of the strategic partnership between the two countries, where a number of priority investment projects were discussed between the two brotherly countries, and the two sides agreed on the executive plans of the agreements and memoranda of understanding Signed between them in the interest of the two countries, as they agreed to resume holding the committees emanating from the council and to resume the work of the specialized technical teams to discuss economic projects within the framework of the council .
The two sides also discussed the extent of the readiness of the border crossing “Jadidat Arar” as a prelude to its opening after verifying the provision of all the necessary requirements for that, with the two sides stressing the serious desire to advance bilateral relations and enhance means of cooperation in all fields to serve the aspirations of the governments and peoples of the two brotherly countries .