LONDON: Saudi Arabia’s King Salman is giving Iraq $1 billion to build a sports city, Al-Ekhbariya news channel said on Wednesday, citing the Kingdom’s commerce and investment minister Majid bin Abdullah Al-Qassabi.
Both countries have been forging closer ties in recent months as part of an effort to stem the growing regional influence of Iran, while Iraq is seeking economic benefits from building stronger ties with the Kingdom.
The announcement of the pledge came as senior Saudi ministers traveled to Baghdad on Wednesday for meetings with Iraqi officials on trade and investment.
Al-Qassabi led the delegation for the second meeting of the Saudi-Iraqi Coordination Council.
At the meeting, the Saudi delegation was to meet with Iraqi President Barham Salih, Prime Minister Adil Abdul-Mahdi and Iraq Parliament Speaker Mohamed Halbousi.
The Saudi government delegation included Minister of Culture Prince Badr bin Abdullah bin Farhan, Minister of Environment, Water and Agriculture, Abdulrahman Al-Fadhli and Energy Minister Khalid Al-Falih.
The meetings were aimed at “exploring ways to develop trade activity and discuss investment opportunities,” it was reported.
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King Salman to give Iraq $1bn to build sports city in the country
King Salman to give Iraq $1bn to build sports city in the country
- The announcement of the pledge came as senior Saudi ministers traveled to Baghdad on Wednesday
- Both countries have been forging closer ties in recent months
Saudi foreign minister and Palestinian prime minister discuss Gaza in Davos
- Prince Faisal bin Farhan and Mohammed Mustafa hold talks while attending the World Economic Forum’s Annual Meeting
LONDON: Saudi Arabia’s foreign minister, Prince Faisal bin Farhan, and the Palestinian prime minister, Mohammed Mustafa, on Tuesday discussed the latest developments in Gaza.
During their meeting, which took place at the annual gathering of the World Economic Forum in Davos, Switzerland, they also reviewed bilateral relations and cooperation, the Saudi Press Agency reported.
Other Saudi officials present at the meeting included the Kingdom’s ambassador to Switzerland, Abdulrahman Al-Dawood; the director general of the Office of the Minister of Foreign Affairs, Waleed Al-Ismail; and Mohammed Alyahya, an advisor to the foreign minister.
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