The head of the Saudi side in the Saudi-Iraqi Business Council, Engineer Muhammad Al-Khorayef, said in an interview with Al-Arabiya, on the sidelines of the Saudi-Iraqi Coordination Council meeting in Jeddah, that the meeting aims to strengthen relations between Saudi Arabia and Iraq.
He added that the forum is a meeting between exporters from both countries to promote trade growth and face many challenges faced by the two parties, such as the direct arrival of Saudi shipments to Iraq.
Al-Khorayef pointed out that one of the issues presented at the meeting is the creation of economic and industrial zones in Iraq, as there is a scarcity of industrial zones with full services.
Al-Khorayef said that Saudi Arabia aims to raise exports to Iraq to $10 billion over the next five years, as trade exchange between the two countries is currently at $1.5 billion, stressing that Saudi Arabia aspires to become one of Iraq’s largest trading partners.
