Erbil: On 23, July, 2018, a delegation of Saudi Arabia businessmen visited Erbil, included The Saudi Ambassador to Iraq, the head of Saudi Chambers Union, a number of businessmen and investors in the sectors of, energy, construction, food industry.

The aim of the delegation was to assess the business situation, establishing business and executing giant investment projects in Kurdistan Region. 

On 24th July, of under the supervision of the Kurdistan Federation of Chambers of Commerce and Industry, in the present of a number of KRG ministers, the joint conference of economy of Kurdistan and Saudi held in Erbil. 

In this economy forum, hundreds of business opportunities in the sectors of tourism, agriculture, industry, have been exposed to the Saudi investors. The both sides decided to form a joint board. They discussed the matter of opening a branch of One of Saudi Banks, and the lunching of the direct flights between Erbil and Riyadh. 

Another important decision was made in this conference, which is the establishment of a joint Chamber of 8 members to convene monthly, to grow the economic relations, both investment and import and export.