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Saudi King Grants Iraq $1 Billion Amid Thaw - State TV

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Seven Saudi ministers and almost 100 various officials arrived in Iraq Wednesday with an economic delegation in order to hold a second Saudi-Iraq coordination council meeting, originally launched in 2017 to upgrade diplomatic and economic relations between the Middle Eastern countries.

According to Saudi commerce minister Majid bin Abdullah al-Qasabi, cited by state TV station Al Ekhbariya, King Salman bin Abdulaziz al-Saud has given Iraq $1 bln to build a sports city in the capital of Baghdad.

In the meantime, Qasabi announced Riyadh would open a consulate in Baghdad on Thursday, so that Iraqis may obtain a Saudi visa. According to an Iraqi news agency, at least three other Saudi consulates will also be opened in the country.

READ MORE: Saudi Arabian Oil Giant Aramco Named World's Most Profitable Company: Here's Why

Wednesday's visit by Saudi ministers along with a large delegation to Iraq was aimed at holding the second Saudi-Iraq coordination council meeting, first launched in 2017 to upgrade diplomatic and economic ties between the nations.

Saudi Arabia reopened its embassy in Baghdad in 2015 following a 25-year break.

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