Dinar Daily
Would you like to react to this message? Create an account in a few clicks or log in to continue.
Latest topics
» Phony Tony sez: Full Steam Ahead!
 Saudi Arabia reveals the volume of its commercial imports from Iraq within 20 years I_icon_minitimeSat Apr 13, 2024 11:51 am by Mission1st

» Dave Schmidt - Zim Notes for Purchase (NOT PHYSICAL NOTES)
 Saudi Arabia reveals the volume of its commercial imports from Iraq within 20 years I_icon_minitimeSat Apr 13, 2024 11:45 am by Mission1st

» Russia aren't taking any prisoners
 Saudi Arabia reveals the volume of its commercial imports from Iraq within 20 years I_icon_minitimeFri Apr 05, 2024 6:48 pm by kenlej

» Deadly stampede could affect Iraq’s World Cup hopes 1/19/23
 Saudi Arabia reveals the volume of its commercial imports from Iraq within 20 years I_icon_minitimeWed Mar 27, 2024 6:02 am by Ditartyn

» ZIGPLACE
 Saudi Arabia reveals the volume of its commercial imports from Iraq within 20 years I_icon_minitimeWed Mar 20, 2024 6:29 am by Zig

» CBD Vape Cartridges
 Saudi Arabia reveals the volume of its commercial imports from Iraq within 20 years I_icon_minitimeThu Mar 07, 2024 2:10 pm by Arendac

» Classic Tony is back
 Saudi Arabia reveals the volume of its commercial imports from Iraq within 20 years I_icon_minitimeTue Mar 05, 2024 2:53 pm by Mission1st

» THE MUSINGS OF A MADMAN
 Saudi Arabia reveals the volume of its commercial imports from Iraq within 20 years I_icon_minitimeMon Mar 04, 2024 11:40 am by Arendac

»  Minister of Transport: We do not have authority over any airport in Iraq
 Saudi Arabia reveals the volume of its commercial imports from Iraq within 20 years I_icon_minitimeMon Mar 04, 2024 11:40 am by Verina

» Did Okie Die?
 Saudi Arabia reveals the volume of its commercial imports from Iraq within 20 years I_icon_minitimeMon Mar 04, 2024 11:34 am by Arendac

» Hello all, I’m new
 Saudi Arabia reveals the volume of its commercial imports from Iraq within 20 years I_icon_minitimeWed Jan 31, 2024 8:46 pm by Jonny_5

» The Renfrows: Prophets for Profits, Happy Anniversary!
 Saudi Arabia reveals the volume of its commercial imports from Iraq within 20 years I_icon_minitimeWed Jan 31, 2024 6:46 pm by Mission1st

» What Happens when Cancer is treated with Cannabis? VIDEO
 Saudi Arabia reveals the volume of its commercial imports from Iraq within 20 years I_icon_minitimeWed Jan 31, 2024 8:58 am by MadisonParrish

» An Awesome talk between Tucker and Russell Brand
 Saudi Arabia reveals the volume of its commercial imports from Iraq within 20 years I_icon_minitimeWed Jan 31, 2024 12:16 am by kenlej

» Trafficking in children
 Saudi Arabia reveals the volume of its commercial imports from Iraq within 20 years I_icon_minitimeMon Jan 29, 2024 7:43 pm by kenlej

» The second American Revolution has begun, God Bless Texas
 Saudi Arabia reveals the volume of its commercial imports from Iraq within 20 years I_icon_minitimeMon Jan 29, 2024 6:13 pm by kenlej

» The Global Currency Reset Evolution Event Will Begin With Gold, Zimbabwe ZWR Old Bank Notes
 Saudi Arabia reveals the volume of its commercial imports from Iraq within 20 years I_icon_minitimeSun Jan 28, 2024 3:28 pm by Mission1st

» Tucker talking Canada
 Saudi Arabia reveals the volume of its commercial imports from Iraq within 20 years I_icon_minitimeWed Jan 24, 2024 6:50 pm by kenlej

» Almost to the end The goodguys are winning
 Saudi Arabia reveals the volume of its commercial imports from Iraq within 20 years I_icon_minitimeMon Jan 22, 2024 9:03 pm by kenlej

» Dinar Daily Facebook Page
 Saudi Arabia reveals the volume of its commercial imports from Iraq within 20 years I_icon_minitimeMon Jan 22, 2024 3:34 pm by Ponee

Saudi Arabia reveals the volume of its commercial imports from Iraq within 20 years

Go down

 Saudi Arabia reveals the volume of its commercial imports from Iraq within 20 years Empty Saudi Arabia reveals the volume of its commercial imports from Iraq within 20 years

Post by claud39 Wed Nov 11, 2020 12:05 pm

 Saudi Arabia reveals the volume of its commercial imports from Iraq within 20 years




11/11/2020



 Saudi Arabia reveals the volume of its commercial imports from Iraq within 20 years 24210



Economy News _ Baghdad





The average growth of trade exchange between the Kingdom of Saudi Arabia and the Republic of Iraq during the last 20 years (from 2000 to 2019) was about 42%, according to a report by the Saudi newspaper, Mal.

The value of trade exchange between Saudi Arabia and Iraq in 2019 amounted to about 2.97 billion riyals, of which 2.95 billion riyals are Saudi exports to Iraq, and 26 million riyals are Saudi imports from Iraq.

Trade exchange between the two countries is expected to increase by a greater rate, following the opening of a new port in Arar, which connects the Kingdom of Saudi Arabia with the Republic of Iraq, which is located in New Arar Governorate, which is affiliated with the northern border region of the Kingdom.

The area of ​​the port is 667 thousand square meters, and the crossing was officially closed in 1990 during the Iraqi invasion of Kuwait, except for the Hajj seasons, until August 2017. In November 2018, construction and improvement of the port began, and Saudi Arabia pledged all costs amounting to about 259 million riyals.

The opening of the crossing will contribute to lowering the costs of Iraqi imports from Saudi Arabia, and vice versa, rather than entering them through neighboring countries.

The port is also a commercial exchange and a logistical area linking the Kingdom of Saudi Arabia with the continent of Europe and Asia. The opening of the crossing will also ease the suffering of travelers between the two countries, instead of traveling through neighboring countries such as Kuwait, Jordan and Turkey.

The Crown Prince, Deputy Prime Minister and Minister of Defense Muhammad bin Salman bin Abdulaziz stressed, during a video meeting held yesterday with Mustafa Al-Kazemi, Prime Minister of the Republic of Iraq, on the importance of relations between the two countries.

The Crown Prince also referred to the importance of the meeting between the Kingdom of Saudi Arabia and Iraq, noting the ties between the two countries as they are very large, very deep and important ties, and we must work to achieve them.

He said: The two countries are neighboring, we are all Arabs, and we follow the same religion. We have the same interests and the same challenges. I am very happy to develop work with you and Iraq.







https://economy-news.net/content.php?id=22640
claud39
claud39
Elite Member
Elite Member

Posts : 18423
Join date : 2018-11-04

Back to top Go down

Back to top


 
Permissions in this forum:
You cannot reply to topics in this forum