The economic expert, Raad Twij, confirmed: “The entry of the Saudi economy into an intertwined relationship with the Iraqi market will contribute to giving additional values and benefits to economists and the freedom of transfer of production factors between the two countries.”
“The Iraqi-Saudi economic relations are escalating according to a comprehensive vision of the relations between the two countries within the framework of the Iraqi-Saudi Coordination Council, which constitutes an Iraqi-Saudi economic and political grouping,” he said in a statement to the National Iraqi News Agency (NINA).
He added: “These relations can activate the enormous Iraqi and Saudi financial and human economic energies, within the framework of the economic geography, which is wider even than the economic geography of the Gulf Cooperation Council, as the entry of the Saudi economy into an intertwined relationship with the Iraqi market will contribute to giving additional values and benefits to economists and free movement of factors of production between the two brotherly countries in terms of trade, tourism, investment, production and education.
He continued: “The Iraqi-Saudi cooperation will link the economies of other countries with the economies of the two countries, especially with the imminent establishment of the Development Road and the opening of a center for Saudi companies in Baghdad and the exploration of investment opportunities in Iraq, which will stimulate Iraq to improve its investment environment.”
Source: National Iraqi News Agency