(MENAFN- Saudi Press Agency)
The Saudi side will also study the possibility of cooperating in the rehabilitation of Jamwa-Samawa road, completing the implementation of the pilgrimage road in Anbar province, and studying the technical and economic feasibility of the Saudi-Iraqi electricity link project.
The Iraqi side also thanked the Kingdom of Saudi Arabia for its initiative in studying the implementation of customs ports, which will contribute to facilitate trade exchange between the two countries.
The two sides agreed to open ports of borders and develop the ports, roads and border areas, review the agreement for customs cooperation between the two countries, and study the trade exchange between the two countries.
The two sides announced airways re-operating from the Kingdom of Saudi Arabia to the Republic of Iraq, opening a Saudi consulate in Iraq, opening an office of TAQA in Iraq and reopening the SABIC office in Iraq.
The two sides also agreed that the Saudi company Salik will obtain a license to invest in Iraq in the agricultural field from the Anbar Investment Commission in Iraq, in addition to Saudi Arabia's taking advantages from the economic cities available in Iraq to be an agricultural and industrial source that contribute to enhancing agricultural investment to achieve food security for the two countries.
As part of the promotion of bilateral relations, it was agreed that Saudi Arabia would participate in exhibitions in the Republic of Iraq, including the Baghdad International Fair, the Basra Oil and Gas Exhibition, and the Business and Investment Forum, which brings together Saudi businessmen with their Iraqi counterparts.
During the first meeting of the Council, the two sides discussed the priorities of the work of the Council during the next two years, the governance of its work, and formation of a working group of the two parties to study them. They also agreed to hold the second meeting of the Council in Baghdad, in the presence of ministers and senior officials of the two countries.
-- SPA
21:17 LOCAL TIME 18:17 GMT
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