As part of Iraqi Prime Minister Adil Abdul-Mahdi’s first visit to the Kingdom, the Saudi Arabian General Investment Authority (SAGIA) hosted a high-level delegation of more than 70 representatives of Iraq’s business community. During the meeting, representatives of both countries reviewed in detail the most promising investment opportunities in the Kingdom and explored areas of potential cooperation.
SAGIA’s Executive Team also delivered a presentation outlining Saudi Vision 2030, followed by a discussion of the multiple reform programs that have made it easier for international companies to establish operations in Saudi Arabia. The Team also highlighted growth sectors that are key to diversifying Saudi Arabia’s economy and supporting the National Transformation Program 2020.
His Excellency Eng. Ibrahim Al-Omar, Governor of SAGIA and Chairman of the Economic, Trade and Development Committee of the Saudi-Iraqi Coordination Council, personally welcomed the delegation. His Excellency explained that the meeting represents an important step towards developing and deepening strategic and economic relations between the two nations, which serve mutual interests and boost bilateral trade and cooperation.
He highlighted that the Kingdom is experiencing a remarkable economic transformation, and that a comprehensive reform program is underway in line with the objectives established in Saudi Vision 2030 to enhance the Kingdom’s profile as a world-class investment destination.
This meeting represents a natural extension of the longstanding and mutually supportive relationship between the Kingdom of Saudi Arabia and the Republic of Iraq, and reflects a bright future of continued partnership between the two countries.