Saudi Arabia To Invest $3Bn In Iraq

(MENAFN- Iraq Business News) By John Lee.

Saudi Arabia's sovereign wealth fund has reportedly capitalised its new Iraq fund with $3 billion.

The Saudi-Iraqi Investment Company , which will have its headquarters in Saudi Arabia, is part of a $24-billion initiative announced last year .

According to Alarabiya, the acting CEO will be Muteb Alshathri.

more here.

(Source: Alarabiya)

The post saudi arabia to invest $3bn in iraq first appeared on iraq business news .


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