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  • 06-06-23

    Saudi Arabia, Iraq Strengthen Economic Ties with USD1 Billion Commercial Project in Baghdad

    (MENAFN) Saudi Arabia and Iraq have solidified their economic ties by signing a contract to establish a significant commercial project worth USD1 billion in Baghdad, as reported by the Iraqi News Agency. The Saudi ambassador to Iraq, Abdulaziz Al-Shammari, revealed that the Kingdom has inked an agreement with Iraq to develop a sprawling commercial project near Baghdad International Airport. This project, named Baghdad Avenue, is set to become Iraq's largest shopping mall, boasting an array of coffee shops, restaurants, and commercial offices. Furthermore, it will provide accommodation with 4,000 apartments and 2,500 villas.

    Al-Shammari expressed his confidence that Baghdad Avenue will be a remarkable and groundbreaking project that will surprise and captivate all Iraqis. With its expansive scale, it will serve as a hub for leisure, shopping, and business activities. The mall will feature spacious cafes and restaurants, accommodating various tastes and preferences, as well as commercial offices to facilitate major Iraqi companies' operations. Al-Shammari emphasized the significance of the growing relationship between Iraq and Saudi Arabia, describing it as a wonderful stage in their bilateral ties.

    In addition to the commercial project, Al-Shammari highlighted another example of the strong relations between the two nations—the recent visit of the King Salman Medical Center's team to Baghdad. The exchange of knowledge and expertise between Iraqi and Saudi doctors exemplifies the depth and breadth of collaboration and cooperation between the two countries. This visit further reinforces the commitment of Saudi Arabia and Iraq to strengthening their ties in various fields, including healthcare and beyond.

    The establishment of the Baghdad Avenue project and the fruitful exchange of medical expertise symbolize the flourishing economic and diplomatic relationship between Saudi Arabia and Iraq. These developments not only enhance economic opportunities and contribute to the growth of both nations but also foster a sense of camaraderie and partnership between the people of Saudi Arabia and Iraq.

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