Saudi Arabia, Iraq to establish a $3b joint investment fund
Fund to promote investment in Iraq’s economy to benefit of both countries: statement
Image Credit: Reuters
Cairo: Saudi Arabia and Iraq have agreed to establish a joint $3 billion fund to promote investment in Iraq’s economy, Saudi state news agency (SPA) reported on Wednesday, citing a joint statement.
The joint fund will be for the “benefit of the Saudi and Iraqi economies, with the participation of the private sector from both sides,” the statement added.