Minister of Foreign Affairs Holds Talks with Iraqi Counterpart
Minister of Foreign Affairs Faisal bin Farhan received a phone call today from the Deputy Prime Minister and Minister of Foreign Affairs of the Republic of Iraq, Fuad Mohammed Hussein, reported Saudi Press Agency.
During the call, the two ministers discussed friendly relations between the two countries and ways to enhance and develop them. In addition, they discussed regional and international developments and the efforts exerted in this regard.
Areas of Cooperation
Two weeks ago, the Saudi Export-Import Bank announced that a bank delegation is having a series of intensive meetings with companies and financial institutions in Iraq, reported Al Arabiya.
The meetings aimed to enhance and expand the Kingdom’s non-oil exports in the Iraqi markets.
The bank detailed on the X platform that the delegation participating in the Baghdad International Fair was showcasing the bank’s financial and insurance products and services.
These presentations took place from January 10-19, according to the Arab World News Agency.
Saudi-Iraqi Economic Zone
Saudi Arabia is accelerating steps to establish its first free economic zone with Iraq. This zone will be located at the Arar border area, as announced by Saudi Investment Minister Khalid al-Falih.
The Saudi Economic Cities Authority is evaluating the linking of border regions and free zones to neighboring countries.
Minister Al-Falih expressed hope for the free economic zone with Iraq to become the first tax-free economic zone.
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