Iraq needs a thousand billion dollars for reconstruction 07:51:09 / 11/2012
Khandan - The Chairman of the National Investment in Iraq Sami Aeraja, that Iraq needs a thousand billion dollars in the next ten years to finance the reconstruction of infrastructure and move the economy.
He Sami Aeraja in an interview with Agence France-Presse that "to finance the reconstruction of Iraq, we will need to between 600 billion to $ 700 billion, at least, but this amount could rise to within a thousand billion dollars until 2022." somebody let me know how much Dinar that is
The Iraqi official saw that a large portion of this amount may come of oil Aadidat (the first source of revenue in the country), as well as Iraqi and foreign investment.
The Aeraja also stressed that "we expect to increase sales of oil and strong improvement in the climate of (business) appropriate to attract investments."
He also said, "In the end, will be (foreign investment) much higher both in size and in percentage."
Iraq relies heavily on oil exports to finance its budget, and the energy sector represents two-thirds of the gross domestic product of the country.