SULAIMANI (ESTA) — Iraq Prime Minister Mustafa al-Kadhimi agreed with Saudi Arabia and the United Arab Emirates on investment projects in Iraq, worth more than $6 billion, according to state news agency.
Prime minister Mustafa al-Kadhimi visited Saudi Arabia last week and the UAE on Sunday.
The United Arab Emirates said in a joint statement that it would invest $3 billion in Iraq, after a meeting between Kadhimi and the UAE officials in Abu Dhabi.
“The initiative aims to strengthen economic and investment relations, create new opportunities for cooperation and partnership, and advance economic, social, and developmental growth in support of the brotherly Iraqi people,” the statement said.
Saudi Arabia and Iraq also 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.
