Saudi Arabia allocates 259 million riyals to develop Arar project with Iraq

by **claud39** Mon Nov 26, 2018 9:03 am

https://www.mawazin.net/Details.aspx?jimare=21885

[size=36]Saudi Arabia allocates 259 million riyals to develop Arar project with Iraq[/size]

26/11/2018

BAGHDAD (Reuters) -
Saudi Arabia announced on Monday it had allocated 259 million riyals to develop the Arar project with Iraq, indicating that the project would include a logistics area serving as the kingdom's northern economic gateway.
"The Arar border project with Iraq will be developed on an area of 1.6 million square meters and a total value of 259 million Saudi riyals," the Saudi Gazette said in a report on Saudi plans to develop the border post.
"The development of the Arar port on the Saudi-Iraqi border is expected to lead to huge economic opportunities, including employment offers for Saudi nationals," the Saudi Gazette reported Sunday.
"The project will renovate and establish customs and immigration offices on both sides of the border to better serve the passengers and administrative buildings of the security and other customs buildings, and a new commercial road network will be established according to the latest international standards linking the region's facilities. Two countries. "
"The project will include a logistics area that serves as the Kingdom's northern economic gateway, links the Kingdom with Europe and Asia, strengthens trade relations between Saudi Arabia and Iraq, and attracts local and regional investments," the report said. "This logistics region will attract qualitative industrial investments that will enhance the Kingdom's economic position. "He said.
The Saudi ambassador in Iraq Abdul Aziz al-Shammari said on October 2, 2018 that the new port of Arar between Saudi Arabia and Iraq will be opened in the coming months, while noting that the relations between the two countries are distinct and witnessing a rapid and significant development.