PIF Allocates US$ 3 Billion For Iraq

Posted on 12/07/2023

Saudi Arabia’s ambassador Abdulaziz Al-Shammari told Iraq’s media that the Public Investment Fund (PIF) has US$ 3 billion ready to invest in the country. PIF will partner with the Development Fund for Iraq to make the investments. Areas of interest include infrastructure, mining, agriculture, real estate, and finance. The two countries have found common ground with the help of China, as mediator between them.

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