PROJECTS: Iraq approves Saudi-funded sport stadium
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PROJECTS: Iraq approves Saudi-funded sport stadium
by GirlBye on Tue Oct 06, 2020 2:16 pm
Project costs $1.5bln
Iraq's cabinet has approved a project to build a sport stadium which will be funded by Saudi Arabia, the official Alsabah daily reported on Wednesday.
The cabinet endorsed the project at its meeting in the capital Baghdad on Tuesday, the paper said, adding that the facility would be constructed in Bismaya suburb, which is located nearly 10 km southeast Baghdad.
"At its meeting headed by Prime Minister Mustafa Al-Kadhimi, the cabinet agreed on the project and selected Bisamaya as its site," the paper said.
In late 2018, Baghdad said Saudi Arabia has pledged to fund the stadium at a cost of around $1.5 billion as a "gift to the Iraqi sport sector."
Saudi Arabia, the largest Arab economy, has announced its intention to invest in fellow OPEC-member Iraq to support its war-torn economy following an improvement in political ties over the past few years.
(Writing by Nadim Kawach; Editing by Anoop Menon)
(anoop.menon@refinitiv.com)
Iraq's cabinet has approved a project to build a sport stadium which will be funded by Saudi Arabia, the official Alsabah daily reported on Wednesday.
The cabinet endorsed the project at its meeting in the capital Baghdad on Tuesday, the paper said, adding that the facility would be constructed in Bismaya suburb, which is located nearly 10 km southeast Baghdad.
"At its meeting headed by Prime Minister Mustafa Al-Kadhimi, the cabinet agreed on the project and selected Bisamaya as its site," the paper said.
In late 2018, Baghdad said Saudi Arabia has pledged to fund the stadium at a cost of around $1.5 billion as a "gift to the Iraqi sport sector."
Saudi Arabia, the largest Arab economy, has announced its intention to invest in fellow OPEC-member Iraq to support its war-torn economy following an improvement in political ties over the past few years.
(Writing by Nadim Kawach; Editing by Anoop Menon)
(anoop.menon@refinitiv.com)
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Re: PROJECTS: Iraq approves Saudi-funded sport stadium
by claud39 on Tue Oct 06, 2020 10:24 pm
Funny feeling, but Saudi Arabia and the United States haven't been friends for recently ???
Claud (Moose)
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Re: PROJECTS: Iraq approves Saudi-funded sport stadium
by GirlBye on Wed Oct 07, 2020 12:58 pm
Hello Claud I think the relationship between the Saudis and Iraq has improved considerably. Saudi Arabia is helping Iraq to gain electrical independence from Iran. The stadium is a great signal that they feel comfortable investing in Iraq. As for the United States, we have cordial relations with Arabia, but they have recently grown stronger.
Bonjour Claud Je pense que la relation connectée entre les Saoudiens et l'Irak s'est considérablement améliorée. L'Arabie saoudite aide l'Irak à obtenir son indépendance électrique de l'Iran. Le stade est un excellent signal qu'ils se sentent à l'aise d'investir en Irak. Quant aux États-Unis, nous entretenons des relations cordiales avec l'Arabie, mais elles se sont récemment renforcées.
Bonjour Claud Je pense que la relation connectée entre les Saoudiens et l'Irak s'est considérablement améliorée. L'Arabie saoudite aide l'Irak à obtenir son indépendance électrique de l'Iran. Le stade est un excellent signal qu'ils se sentent à l'aise d'investir en Irak. Quant aux États-Unis, nous entretenons des relations cordiales avec l'Arabie, mais elles se sont récemment renforcées.
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