The signing of agreements… the Saudi-Iraqi Business Forum will be held next Monday

The signing of agreements... the Saudi-Iraqi Business Forum will be held next Monday

Flag of Iraq and Saudi Arabia January 19, 2022 02:25 PM

Riyadh – Mubasher: The Federation of Saudi Chambers of Commerce will organize, in the capital, Riyadh, next Monday, the Saudi-Iraqi Business Forum; To discuss aspects of joint cooperation in the commercial and investment fields, and mechanisms for their support and development.

The forum will witness the presentation of a number of presentations to introduce the investment opportunities available in the two countries, as well as the signing of a number of agreements between government and private agencies in the investment and commercial sectors, according to the Saudi Press Agency “SPA”.

The head of the Federation of Saudi Chambers of Commerce, Ajlan bin Abdulaziz Al-Ajlan, said that the Saudi-Iraqi Business Forum will be held in the presence of ministers and economic officials from the Kingdom and Iraq, with the wide participation of Saudi and Iraqi business owners.

Al-Ajlan added that the trade talks between the two sides during the forum will focus on the main economic sectors that constitute a priority in the cooperation agenda between the two countries in light of the Kingdom’s vision 2030, and the directions of the Iraqi economy during the next stage .

Al-Ajlan pointed to the vital role played by the Coordination Council and the Saudi-Iraqi Business Council in introducing investment opportunities and encouraging business partnerships between Saudi and Iraqi business owners .

He noted the steady improvement in economic relations between the two countries, which contributes to an increase in Saudi exports to Iraq, and an increase in the Kingdom’s imports from Iraq because it has good economic potentials in various economic fields, in addition to the flow of investments between the two sides, indicating that there are a number of Saudi companies working on The land of Iraq, and there is a real desire for a number of others to expand their investments there .

The head of the Federation of Saudi Chambers of Commerce expressed his hope to increase and raise the volume of trade exchange between the two countries, after opening the land port between the two countries in Arar, especially since the Kingdom has a tendency to establish and operate the logistics zone in this port to be a special economic zone, as well as after opening the attaché. Commercial Embassy of the Kingdom in Baghdad .

Al-Ajlan pointed out that there is a common desire on the part of the Saudi and Iraqi sides to strengthen economic cooperation relations, raise the ceiling of trade exchanges and create the appropriate environment for this, in addition to the great investment opportunities and economic capabilities of both countries, expressing his hope that the forum will come out with recommendations and positive results that support the future of economic relations between the two countries. the two countries .

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