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Qatar announces readiness to invest $ 1 billion in Iraq

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Qatar announces readiness to invest $ 1 billion in Iraq

Unread postby admin » Fri Jan 11, 2019 9:35 am

Qatar announces readiness to invest $ 1 billion in Iraq

2019-01-11

Qatar announces readiness to invest 1 billion in Iraq

The Emir of Qatar, Sheikh Tamim bin Hamad al-Thani, confirmed Doha's readiness to invest $ 1 billion in infrastructure in Iraq within the framework of reconstruction.

This comes after a visit by Iraqi President Barham Salih with a high-level government delegation to Doha on Thursday, during whichhe discussed with Al-Thani bilateral relations between the two countries and means of upgrading them in the political, economic, transport and energy fields.

The two sides also agreed to launch a direct sea line linking the port of Hamad in Qatar to the port of Umm Qasr in Iraq in order to stimulate trade exchange and economic relations.

The port of Hamad is the largest port in the Middle East with a capacity of 7.5 million containers annually, and the port of Umm Qasr is the largest Iraqi port and is located in the province of Basra near the Iraqi-Kuwaiti border.

Qatar is seeking to diversify its economic and trade ties after neighboring Gulf states and Egypt have been besieged for nearly two years.

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