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Saudi-Iraqi business forum held in Riyadh

Baghdad (IraqiNews.com) – The Saudi-Iraqi business forum was held in Riyadh, aimed at strengthening economic relations between Saudi Arabia and Iraq.

The strategic forum included key Iraqi officials and executives, including Hamid Al-Ghizi, Secretary General of the Council of Ministers, Dr. Azhar Al-Rubaie, Undersecretary of the Ministry of Planning and the Iraqi Union of Engineers, and more than 40 Iraqi businessmen. .

During the business forum, Saudi Minister of Trade and Investment Majid bin Abdullah Al Qasabi stressed the importance of holding the second conference in Baghdad, Iraq.

Relations between the two nations have improved in recent years with increased collaborations and investments, including the establishment of the Saudi-Iraqi Business Council and the reopening of the new land port of Jadidat Arar on the border between the two nations.

Saudi Arabia and Iraq are seeking to increase the volume of trade by initiating more strategic agreements, including Saudi Arabia supplying gas to Iraq to support the country’s power cuts. The trade volume between the countries in 2020 was around 900 million dollars and could reach billions in the coming years.