hdad, The Ministry of Planning announced the signing of 12 memorandums of understanding with the Kingdom of Saudi Arabia for specific investment projects. The ministry stated in a statement that: 'Under the patronage of Deputy Prime Minister, Minister of Planning Muhammad Ali Tamim, Iraq signed memorandums of understanding with 12 Saudi companies with the aim of enhancing cooperation in a number of qualitative investment projects.' It added: "The memorandums of understanding signed between Saudi companies and the Iraq Fund for Development came with the aim of enhancing cooperation in a number of qualitative investment projects in Iraq." Last December, Saudi Arabia signed a partnership agreement with Iraq in the field of industrial investments for the private sector, as part of the two countries' efforts to strengthen bilateral relations between them and attract foreign investments. Source: National Iraqi News Agency