Advisor to Abadi reveals huge projects to be presented at the Kuwait Conference
(Article from Charles Bright)



Iraq is seeking to attract foreign investment of about 100 billion dollars in the transport, energy and agriculture as part of a plan to rebuild throughout the country and revive the economy after a war against the Islamic state organization lasted three years.

The government’s National Investment Authority has published a list of 157 projects it will seek to attract investment at an international conference on Iraq reconstruction scheduled to be hosted by Kuwait from Feb. 12 to 14.

“Some of these projects are related to rebuilding destroyed facilities such as Mosul airport, while other projects are new investments aimed at strengthening and diversifying the economy away from oil,”

said Saleh Saleh, an economic adviser to the prime minister. “The total is about $ 100 billion, Including rebuilding, rehabilitation and new projects. ”

The cost of 16 projects is $ 500 million or more each, according to the list,

and reconstruction of homes, hospitals, schools, roads, work and communications is important to provide jobs for young people and stop the displacement of hundreds of thousands of people and end decades of Political and sectarian same.

According to US and Western officials said the US government will not contribute funds to the conference but instead encourage investment by the private sector and Arab allies in the Gulf.

A US official in Baghdad said a hundred American companies will participate in the conference.

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