Mustafa al Kadhimi visits Saudi Arabia with a large delegation, signing five memoranda of understanding between the two countries in various fields.
Iraqi Prime Minister Mustafa al Kadhimi has arrived in Riyadh on his first visit to Saudi Arabia since formally taking office last May.
Iraq will never become a launchpad for attacks on Saudi Arabia, Kadhimi pledged on Wednesday during a long-awaited visit to the kingdom aimed at forging closer economic and security ties.
The Iraqi premier was accompanied by a large delegation during the visit to Saudi Arabia where five memoranda of understanding were signed between the two countries in various fields.
Saudi Arabia and Iraq established hugely funding investments in the coming period. pic.twitter.com/TSLoS0N9R1— Suleiman Hashi (@SuleimanHashi) April 1, 2021
In January, explosive-laden drones crashed into the main royal palace in Riyadh, with American media citing US officials as saying they were launched from neighbouring Iraq.
Saudi officials did not publicly disclose any details on the reported attack on the sprawling Al Yamama complex, the official residence, and office of King Salman as well as the main base of the royal court.
But the news raised alarm in a country that has frequently come under missile and drone attacks from Iran-aligned Houthi rebels in Yemen, where Riyadh-backed forces are engaged in a six-year conflict.
A relatively unknown militant group in Iraq calling itself the Righteous Promise Brigade claimed responsibility for the strike, but it was considered by security experts to be a front for more entrenched Iran-backed militias.
Kadhemi said the group's claim was "not true" and insisted that the attack was not launched from Iraq.
"We will not allow any attack on the kingdom," he told reporters after what his aides described as an hours-long meeting with Saudi Arabia's de facto ruler Crown Prince Mohammed bin Salman.
"There haven't been any attacks" from Iraq.
"There have been attempts by some to ... disrupt relations" between Iraq and Saudi Arabia, he added, without elaborating.
On April 1, 2021, HRH Crown Prince Mohammed bin Salman had an official meeting with Prime Minister of Iraq, Mr. Mustafa Al-Kadhimi at the Al-Yamamah Palace in Riyadh and agreed to strengthen bilateral cooperation in many fields such as politics, security, military and economy. pic.twitter.com/EvdZf34pTD— Yumiko Kokuryu (@YumikoKokuryu) April 1, 2021
Boosting trade, investment
Aside from a discussion on border security, the Iraqi premier said he and his delegation of senior ministers sought to further boost trade and economic cooperation with the kingdom during a day-long visit to Riyadh.
In a statement published by Saudi state media, the two countries agreed to establish a joint fund with an estimated capital of $3 billion, a "contribution from the kingdom" to boost investment in the Iraqi economy.
Saudi Arabia's investments in Iraq are expected to rise to $2.67 billion from just over 2 billion riyals currently, the state-run SPA news agency said.
The countries also agreed to maintain energy cooperation to maintain stability in global oil markets, the joint statement added.
Iraq is the second-largest producer in the OPEC oil cartel, outranked only by Saudi Arabia.
Kadhimi, whose government has sought to fast-track foreign investment including Saudi support for energy and agriculture, is pushing for deeper cooperation with Riyadh.
Kadhimi was scheduled to travel to Saudi Arabia on his first foreign trip as prime minister last July, but the visit was cancelled at the last minute when King Salman was hospitalised for surgery to remove his gallbladder.
His trip to Tehran, Riyadh's arch-rival, went ahead, with the premier meeting Iran's supreme leader Ayatollah Ali Khamenei.