- 抖阴短视频 will provide Iraq with $1 billion in loans for development projects
- Three other Saudi consulates will open in Iraqi cities soon
RIYADH: 抖阴短视频 opened a new consulate in Baghdad on Thursday after announcing $1 billion in loans for development projects in Iraq.
Three more diplomatic branches are to be opened in other Iraqi cities soon, 抖阴短视频鈥檚 Commerce and Investment Minister Majid bin Abdullah Al-Qassabi said
抖阴短视频 and Iraq have moved to improve relations in recent months. The Kingdom reopened its Baghdad embassy in 2016 after it was closed in 1991 in response to Saddam Hussein鈥檚 invasion of Kuwait.
The opening of the new consulate building came as senior ministers from the Kingdom visited Baghdad as part of a meeting of the Saudi-Iraqi Coordination Council, Saudi Press Agency reported.
抖阴短视频 will provide Iraq with $1 billion in loans for development projects, Al-Qassabi said, plus $500 million to boost exports and a gift of a 100,000-seat sports stadium to be built on Baghdad鈥檚 outskirts.
鈥淎 new phase of relations between Riyadh and Baghdad has begun,鈥� Al-Qassabi, who is leading the Saudi delegation, said.
鈥淲e have seen from the Iraqi side sincere feelings of brotherhood.鈥�
He said 13 agreements between the two countries were in their final stages. These will 鈥渉ave a significant impact on raising the level of cooperation between the two countries,鈥� Al-Qassabi added.
Trade will also be boosted when the Arar border crossing between the two countries opens in six months.
Al-Qassabi was speaking during a press conference held with Iraq鈥檚 Oil Minister Thamir Ghadban.
The second session of the Saudi-Iraqi Coordination Council, started on Thursday in Baghdad.
The meeting discussed ways to improve cooperation and relations. The council previously met in Riyadh in October 2017.
As part of the visit, around 80 Saudi and Iraqi businessmen and investors met on Thursday on improving economic ties.
Meanwhile, the Minister of Culture Prince Badr bin Abdullah bin Farhan visited some of Baghdad鈥檚 famous historic and cultural sites on Thursday.
These included Mutanabbi Street, Al-Qashla and the Abbasid Palace.
鈥淏aghdad is distinguished by many cultural and archaeological landmarks, which are immortalized by history as cultural symbols of great importance,鈥� Prince Badr said. 鈥淏aghdad is considered a beacon of cultural heritage in the Arab world.鈥�
The first meeting of the Saudi-Iraqi Coordination Council was held in Riyadh in October 2017.