KSA | Saudi Arabia’s King Salman Is Giving Iraq $1 Billion To Build A Sports City

Saudi Arabia’s King Salman is giving Iraq $1 billion to build a sports city, Al-Ekhbariya news channel said on Wednesday, citing the Kingdom’s commerce and investment minister Majid Bin Abdullah Al-Qassabi.

Both countries have been forging closer ties in recent month as part an effort to stem the growing regional influence of Iran, while Iraq is seeking economic benefits from building stronger ties with the Kingdom.

The Announcement of the pledge came as senior Saudi Minister travel to Baghdad on Wednesday for meeting with Iraqi officials  on trade and investment.

Al-Qassabi led the delegation for the second meeting of the Saudi-Iraqi Coordination Council.

The Saudi government delegation included Minister of Culture Prince Badr bin Abdullah bin Farhan, Minister of Environment, Water and Agriculture, Abdulraham Al-Fadhli and Energy Minister Khalid Al-Falih.

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out /  Change )

Google photo

You are commenting using your Google account. Log Out /  Change )

Twitter picture

You are commenting using your Twitter account. Log Out /  Change )

Facebook photo

You are commenting using your Facebook account. Log Out /  Change )

Connecting to %s