As part of efforts to strengthen economic cooperation, Saudi Arabia and Iraq will create a $1 billion shopping area in Baghdad, according to the kingdom’s ambassador to Iraq.
According to Abdulaziz Al Shammari, the Baghdad Avenue project will be erected close to the city’s international airport. According to him, it will have 4,000 residences and 2,500 villas in addition to restaurants, shops, and office buildings, making it the largest retail center in Iraq.
Commercial Complex
Although Mr. Al Shammari did not provide more information, he stated that there had been “great developments” in Saudi Arabia’s and Iraq’s relations. A team from the King Salman Medical Centre was in Baghdad at the same time to meet with Iraqi medical professionals.
The King Salman Medical Centre team’s visit to Baghdad today has allowed us to start enjoying the actual benefits of our relationships, according to Mr. Al Shammari.
- Saudi Arabia and Iraq to establish a $1 billion shopping area in Baghdad.
- Baghdad Avenue project nears airport, 4,000 residences, 2,500 villas, largest retail center in Iraq.
- Kingdom and Iraq’s top doctors exchange experiences, and discuss economies and cultures.
The greatest doctors in the kingdom and the best doctors in Iraq came together for the first time to exchange experiences in various fields and subspecialties. Meetings between the nations’ economies and cultures are also scheduled, according to Mr. Al Shammari.
He predicted that activities between the two nations will pick up significantly. According to Iraqi Prime Minister Mohammed [Shia] Al Sudani and his team, this will be a “distinctive stage for investment.”
Relations between Iraq and Saudi Arabia have improved significantly in recent years. After Saddam Hussein’s forces invaded Kuwait in 1990, the kingdom cut ties with Iraq, but in 2016, Riyadh and Baghdad started to mend fences.
To improve relations, Saudi Arabia reopened its embassy in Iraq and the two countries established a coordination committee. Since then, they have made several political, security, and commercial agreements that have resulted in the opening of a significant border crossing.
