Iraqi Investments in Saudi Arabia: A Strategic Step to Support the National Economy

Mansour Al-Faqiri, a member of the Iraqi-Saudi Business Council, highlighted the importance of directing Iraqi businessmen to establish investment offices and companies within the Kingdom of Saudi Arabia. He explained that this step would generate significant economic returns, positively impacting the Iraqi economy and serving the country's interests. He pointed out the promising investment opportunities in Saudi Arabia, driven by its developed environment and attractive capital legislation. Furthermore, he revealed an initiative presented to the Iraqi Consulate aimed at enhancing communication between investors in both countries and facilitating joint investment procedures. This followed a meeting with the Consul General of Iraq in Jeddah to discuss prospects for partnership and expanding commercial cooperation.