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Saudi Arabia announces registration of 100 companies in Iraq
Economy News - Baghdad
The head of the Saudi-Iraqi Business Council at the Council of Saudi Chambers, Muhammad Al-Khorayef, stressed the importance of speeding up the pace to remove the challenges facing commercial dealings between the two countries, pointing to the registration of 100 Saudi companies in Iraq.
The Saudi-Iraqi Business Forum was launched recently in the Iraqi capital Baghdad under the auspices of the Iraqi Prime Minister Mustafa Al-Kazemi, and the Saudi delegation participating in the forum was headed by the Minister of Trade and Minister of Information Majid Al-Qasabi, and the Saudi ambassador to Iraq to participate in official talks within the framework of the Saudi-Iraqi Coordination Council and the Economic Committee Commercial, investment, development and joint relief.
In a statement issued by the Council of Saudi Chambers, Al-Khorayef emphasized the keenness of business owners to enhance trade relations and invest in the comparative advantage of the two countries, and the potentials of the Saudi economy, such as the hydrocarbon industries, mining, energy, pharmaceutical and food industries, building and construction materials industries, and health care, which was represented by the distinguished presence in this forum. .
Al-Khorayef added that the Saudi-Iraqi Business Council prepared a number of working papers represented in the proposal to establish a trade exchange area at Jdeidat Arar port, and a working paper focusing on investments between opportunities and challenges, in addition to the Saudi initiative to register 100 Saudi companies in Iraq.
He pointed out that Iraq "has water resources, fertile lands and agricultural experiences that enable it to meet the needs of the Arab region and the world in agricultural and animal production, food industries and other productive areas."
The head of the Saudi-Iraqi Business Council at the Council of Saudi Chambers stressed the importance of speeding up the pace to remove the challenges facing commercial dealings between the two countries, including banking and transportation, and to identify investment opportunities commensurate with the capabilities to benefit from the Saudi loan.
It is noteworthy that the Saudi-Iraqi Business Forum witnessed the signing of bilateral agreements that promote development projects and take advantage of promising investment opportunities between the two countries and stimulate intra-trade.
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