Hussein Al-Karaawi, head of the organizing frame of the famous motion for the Belt and street Initiative, warned on Thursday of the hazard of the investment regulation with Saudi Arabia, stressing that it poses a threat to Iraq’s monetary and water safety, and opens the door to Saudi agreement within the Samawah desert underneath the guise of funding.
Al-Karaawi said in a declaration to dinaropinions.com that “Iraq has powerful legal guidelines regulating the investment report, maximum extensively regulation No. thirteen and the foreign funding law, and consequently there is no want to bypass a new law that permits Saudi Arabia to enter this region specially.”
He added that “the regulation to be enacted is one of the maximum risky legal guidelines for water safety, at a time whilst Iraq is going through a stifling water crisis,” indicating that “Saudi Arabia seeks to accumulate the lands of the Samawah wilderness, as they may be fertile and suitable for agriculture.”
He mentioned that “the problem does now not prevent on the limits of investment, but consists of the introduction of foreign exertions which can stay for 50 years, which calls for the established order of housing, colleges, and electricity sources for them, which practically constitutes a settlement system in the desolate tract just like what happened within the Najran and And the Yemeni Jizan.”
Al-Karawi defined that “the Iraqi wilderness consists of a massive reserve of renewable groundwater enough for about 250 years, and any Saudi manage over it’ll pose a direct risk to Iraq’s economic and water security.”
