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The Financial Express

Iraq agrees on Saudi, UAE investment projects worth exceeding $6b

| Updated: April 07, 2021 11:18:12


FILE PHOTO: Iraq's Prime Minister Mustafa al-Kadhimi looks on as he wears a face mask at the central station gas processing plant at Rumaila oilfield in Basra, Iraq, November 5, 2020. REUTERS/Essam Al-Sudani FILE PHOTO: Iraq's Prime Minister Mustafa al-Kadhimi looks on as he wears a face mask at the central station gas processing plant at Rumaila oilfield in Basra, Iraq, November 5, 2020. REUTERS/Essam Al-Sudani

Iraq’s prime minister agreed with Saudi Arabia and the United Arab Emirates on investment projects in Iraq, worth more than $6 billion, Iraq state news agency said on Tuesday.

Prime minister Mustafa al-Kadhimi visited Saudi Arabia last week and the UAE on Sunday. Saudi Arabia and Iraq agreed to establish a joint fund, with an estimated capital of $3 billion, as a contribution from the kingdom in promoting investment in Iraq’s economic fields, Saudi state news agency (SPA) reported on Wednesday.

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