Iraq to adopt new legislation to protect Saudi-Iraqi investments

Iraq has prepared to introduce a bill to safeguard Saudi-Iraqi investments and discuss it before Parliament in preparation for its adoption in the coming months.

The new legislation is expected to boost economic cooperation between Iraq and Saudi Arabia.

This was revealed during a meeting between the President of the Federation of Saudi Chambers of Commerce and Industry, Hassan Al-Huwaizi, and the Chairman of the Iraqi-Saudi Friendship Committee in the Iraqi Parliament, Shalan Abdul-Jabbar Al-Karim, and his accompanying delegation during an official visit to Saudi Arabia.

The two sides discussed the economic relations between Iraq and Saudi Arabia in light of attractive prospects, as well as strategies to help the business sectors develop successful strategic trade and investment relationships between the two countries.

The Federation of Saudi Chambers of Commerce and Industry organized the Saudi-Iraqi Business Forum with the participation of prominent members of the Iraqi Parliament.

Participants in the Saudi-Iraqi Business Forum reviewed ideas for increasing Saudi investment in Iraq as well as difficulties that Saudi businessmen face.