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Saudi Minister discusses with the Iraqi PM Ways of Boosting Trade, Investment | ASHARQ AL-AWSAT English Archive 2005 -2017
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Iraq’s Prime Minister Haidar al-Abadi speaks during a news conference at the Foreign Ministry in Baghdad March 31, 2015. REUTERS/Ahmed Saad

The Minister of Commerce and Investment of the Kingdom of Saudi Arabia Dr. Majid bin Abdullah Al-Qassabi, who is also Chairman of the Saudi side in the Saudi-Iraqi Coordination Council, discussed on Tuesday with Iraqi Prime Minister Haider Abadi ways to enhance bilateral relations.

Boosting ties will influence both economies, trade relations, agriculture and investment fields, said the Saudi state news agency SPA.

Al-Qasabi’s discussions, which took place in Baghdad, were designed to develop and deepen strategic and economic relations, discuss promising investment opportunities and distinctive partnerships that serve the interests of the two parties, promote trade exchanges and find suitable opportunities that serve development plans for the two sides.

The Saudi delegation included high-level government officials and businessmen chosen to strengthen the partnership of the two countries during the visit which comes in line with the priorities of the Kingdom in all sectors, foremost of which are the industrial, agricultural, education, health and other sectors.

The minister said that the visit comes after the opening of border crossings between the two countries, stressing the Kingdom’s desire to open trade and investment, develop trade exchanges with the Iraqi side, and strengthen ties between the two countries.

The two sides discussed the Kingdom’s participation in the international economic forum which will be held in Baghdad, the establishment of the Saudi-Iraqi Business Council during the coming period, and the Saudi-Iraqi Business Opportunities Forum in the Kingdom next year.