Iran Vows to Play Major Role in Iraq's Reconstruction

TigerSwan to Attend Kuwait International Conference for Reconstruction of Iraq

TigerSwan to Attend Kuwait International Conference for Reconstruction of Iraq

Donors and investors were told the bill to replace housing and infrastructure destroyed by the conflict will amount to $88.2bn by Iraqi officials at an worldwide conference held in neighbouring Kuwait on Monday (12 February).

About $22 billion will be required in the short term and $65 billion in the medium term, Reuters reported Adulfattah saying at the conference, which was arranged to discuss Iraq's reconstruction.

At the beginning of the war in 2014 Islamic State held nearly a third of the territory inside Iraq, and controlled as much as 34,000 square miles across Iraq and neighbouring Syria, as it pushed to establish an ancient caliphate across the Middle East and beyond.

The IFC has about $1.2 billion in investments in different Iraqi ventures including banks, cement plants and telecommunications, and is preparing to announce a $250 million investment in a telecommunication venture, he said.

However, the secretary-general of Iraq's Council of Ministers Mahdi al-Alaq said nations could it help by acting as guarantors with worldwide lenders.


Around 138,000 housing units had been damaged and half of them were completely destroyed said Mustafa al-Hiti, who runs Iraq's Reconstruction Fund for Areas Affected by Terroristic Operations.

"The Kuwait Conference for Iraq this week is an opportunity for world leaders to show that we are willing to invest in children - and through investing in children, that we are willing to invest in rebuilding a stable Iraq".

Awat told KUNA that the Foundation will take part in the "Conference of Non-Governmental Organizations (NGOs) to Support the Humanitarian Situation in Iraq" on February 12, 2018. We were there to participate in the coalition. "We hope French expertise will be used for the reconstruction", Iraq's Foreign Minister Ibrahim al-Jaafari replied. "We call for the unconditional and honest participation of the global community in the reconstruction of Iraq", he added.

Le Drian, who previously visited Baghdad in August a year ago, was also scheduled to meet Iraq's Prime Minister Haider al-Abadi, President Fuad Massum and parliament speaker Salim al-Juburi.

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