Saudi Arabia's King Salman commits $1bn for Iraq sports city

Development announced by trade minister Dr Majid Al-Qasabi positions Saudi as a 'key partner in the renaissance of Iraq'

King Salman has committed $1bn for a sports city in Iraq.
Saudi Press Agency / CW Archives
King Salman has committed $1bn for a sports city in Iraq.

Saudi Arabia's Custodian of the Two Holy Mosques, King Salman bin Abdulaziz Al Saud, has committed $1bn (SAR3.75bn) to build a sports city in Iraq.

According to state news agency, SPA, the huge sum positions the kingdom as a “key partner in the renaissance of Iraq”, in turn helping to contribute to the country’s ongoing development.

The announcement was made by Dr Majid bin Abdullah Al-Qasabi, Saudi Arabia's Minister of Trade and Investment, during the second session of the Saudi-Iraqi Coordination Council, on 3 April.

Specific details of the project were not announced at the time.

Leading a high-level Saudi delegation to Iraq, Al-Qasabi also announced the opening of the kingdom’s consulate in Baghdad on 4 April, as well as three consulates in various Iraqi provinces.

READ: Kuwait builds six schools in Iraq

In a statement after his arrival in the Iraqi capital on 3 April, the Saudi minister said the border port of Arar between the kingdom and Iraq will be completed within six months.

SPA added that a “number of economic agreements” between both countries are also due to be signed.

The news comes just weeks after the kingdom announced a concerted push to build recreational parks in the Saudi capital of Riyadh. 

March 2019 saw four urban development projects worth $23bn (SAR86bn) launched in the Saudi Arabian capital, one of which is planned to become the world’s largest park. In line with the kingdom’s Vision 2030 goals, the various schemes – unveiled also by the Saudi King – are set to create 70,000 jobs.

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