Baghdad – IA
The Ministry of Planning announced the signing of 12 memorandums of understanding with the Kingdom of Saudi Arabia for specific investment projects.
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A statement by the Ministry of Planning, received by the Iraqi News Agency (INA), stated that, “Under the patronage of the Deputy Prime Minister and Minister of Planning, Muhammad Ali Tamim, Iraq and the Kingdom of Saudi Arabia signed memorandums of understanding with 12 Saudi companies with the aim of enhancing cooperation in a number of qualitative investment projects.”
He added, “The memorandums of understanding signed with 12 Saudi companies, with the Iraq Fund for Development, came with the aim of enhancing cooperation in a number of qualitative investment projects in Iraq.”
Last December, Saudi Arabia signed a partnership agreement with Iraq in the field of industrial investments for the private sector, as part of the two countries’ efforts to strengthen their bilateral relations and attract foreign investments.
