Saudi Arabia, Iraq to establish a $3 billion joint fund

Saudi Arabia, Iraq to establish a $3 billion joint fund

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IslamNews – Saudi Arabia and Iraq agreed to establish a joint fund, with an estimated capital of $3 billion dollars, as a contribution from the kingdom in promoting investment in Iraq’s economic fields, Saudi state news agency (SPA) reported citing a joint statement.

The joint fund will be for the “benefit of the Saudi and Iraqi economies, with the participation of the private sector from both sides,” the statement added.

Source: Reuters