UAE announces $3bn investment in Iraq

SourceSaudi Gazette
SectorEconomy
CountryUAE

ABU DHABI — The United Arab Emirates on Sunday announced a $3 billion investment in Iraq in a fresh bid to strengthen the economic and investment relations between the two countries. The new investments are aimed to tap new prospects of partnerships between the two countries and accelerating socio-economic and developmental growth in support of the people of Iraq. The Iraqi premier thanked the UAE under the leadership of President Sheikh Khalifa in Zayed Al-Nahyan, for its support for Iraq and its people. The visit included a series of official meetings on broadening the prospects of cooperation between the two nations on all fronts for their common interests, with the two sides hailing the depth and strength of their fraternal relations. They reviewed the latest regional and international developments and underlined the importance of ensuring international cooperation in the face of the COVID-19 pandemic and containing its economic and medical fallout on the entire world. The Iraqi prime minister thanked the UAE for its medical support, sent to help Iraq and its people face the health ...read more...