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Kurdistan and Saudi Arabia launch joint economic cooperation committee

Saudi Arabia and Kurdistan launched a joint economic cooperation committee this month, aimed at expanding investment between the two regions, Asharq Al-Awsat reported. 

“The investment law in Kurdistan provides good opportunities for Saudi businessmen to invest in the region and we are all trying to enable the private sector to play an active role in this field and to form task forces to activate investments in the near future,” the chairman of the Federation of Saudi Chambers of Commerce, Sami bin Abdullah al-Obeidi told the paper. 

Dara Al-Khayat, president of the Federation of Chambers of Commerce and Industry in the Kurdistan Region said, “we have seen a firm desire by the members of the Saudi delegation to implement investment projects in Kurdistan and we hope that this desire would be translated into practical developments in the near future." 

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