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Iraq, Saudi Arabia Sign Several Strategic Deals

Iraq and Saudi Arabia have signed several agreements and MoUs worth tens of billions of dollars in various investment fields, a report said on Wednesday.

Asharq Al-Awsat cited a statement by the secretary-general of the Iraqi Council of Ministers as saying that Baghdad and Riyadh, during meetings held on Tuesday, expressed their willingness to invest an amount of 10 billion dollars to launch the projects to enhance joint cooperations in the fields of oil, gas, petrochemicals, phosphates, sulfur, energy, industry, agriculture, health and education.

Meanwhile, the two countries also agreed to reopen the Arar border crossing.

Saudi Ambassador to Iraq, Abdulaziz Al-Shammari, revealed that a number of delegations from Saudi Arabia will visit Baghdad to hold meetings in hopes of exploring ways to further strengthen bilateral ties between the two countries. Source