Saudi Arabia, Iraq to establish a $3 bln joint fund -joint statement

Saudi Arabia and Iraq agreed to establish a joint fund, with an estimated capital of $3 billion dollars, as a contribution from the kingdom in promoting investment in Iraq's economic fields, Saudi state news agency (SPA) reported on Wednesday, citing a joint statement.

The joint fund will be for the "benefit of the Saudi and Iraqi economies, with the participation of the private sector from both sides," the statement added

(This story has not been edited by Devdiscourse staff and is auto-generated from a syndicated feed.)