210401 Saudi Iraq
Saudi Arabia’s Crown Prince Mohammed bin Salman and Iraqi Prime Minister Mustafa Al-Kadhimi, visit the historical city Ad Diriyah on the outskirts of Riyadh, Saudi Arabia March 31, 2021. 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.