Saudi Arabia’s King Salman approved $1 billion grant to Iraq for the development of the country, Saudi Press Agency reported, citing Majid Al-Qassabi, Minister of Commerce and Investment.
Iraq is also proceeding with building a sports city in Baghdad after allocating a land plot for this purpose, the report said.
“The border port of Arar between the Kingdom and Iraq will be completed within six months from now,” Al-Qassabi said.
“Saudi Arabia has opened a consulate in Baghdad and is planning three more soon in several Iraqi provinces,” he added.
A Saudi economic delegation that includes the energy and investment ministers arrived in Iraq on Wednesday for the second Saudi-Iraq coordination council meeting, an initiative launched in 2017 to upgrade diplomatic relations.
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