Saudi Arabia announced investing US$1 billion to establish a huge project in Iraq amid a fruitful phase of the strong Saudi Arabia-Iraq relations.
Saudi Arabia’s ambassador to Iraq has announced the signing of a contract to establish the project near Baghdad International Airport.
The ambassador said the huge investment project is worth $1 billion under the name of Baghdad Avenue, located in the Al-Rafil area near the airport.
The huge project is going to be the largest mall in Iraq, which will be a distinguished project for Iraqis, according to Iraqi News Agency (INA). The Saudi-Iraqi relations are witnessing a great phase.
Read More: Saudi PIF creates US$3b Saudi-Iraqi investment unit
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