The Iraqi Ministry of Planning signed 12 memorandum of understanding with Saudi Arabia to implement several investment projects.

The Iraqi Ministry of Planning said in a statement Iraq and Saudi Arabia signed 12 memorandum of understanding to strengthen cooperation in a number of important investment projects.

Said the memorandum of understanding was signed by the Iraqi Development Fund with 12 Saudi companies.

Said the Saudi companies will implement a number of important investment projects in Iraq.

In December, Saudi Arabia and Iraq signed a joint agreement on private-sector industrial investment.