Kuwait’s Deputy Foreign Minister Khalid al-Jarallah said on Wednesday that at least 1,000 companies and businessmen would participate in the Iraq reconstruction conference, which is to be hosted by Kuwait in February.
Al-Jarallah told reporters on the sidelines of a seminar in Kuwait Chamber of Commerce and Industry that the conference will see a very wide participation at the level of businessmen and countries.
Al-Jarallah added that the conference will result in “many projects to be undertaken by the private sector and several projects to be undertaken by governments. These projects will contribute, God willing, to rebuilding what has been destroyed in Iraq. ”
Kuwait has long been hosting the conference, which Iraq hopes will help it rebuild many of the areas devastated by the recent war with the Islamic state.
The head of the Iraqi delegation Mahdi al-Alak told a news conference in Kuwait that the amount needed by his country for reconstruction is not less than 100 billion dollars.
Mehdi said in statements published by Kuwait News Agency (KUNA) earlier this month that the funds needed by Iraq to support the housing sector, which was heavily affected and sectors of oil and telecommunications and basic industries and services, including water and sanitation.
Al-Jarallah said on Wednesday that the first day of the conference, which will be held from February 12 to 14, will be dedicated to civil society organizations. The second day will be entirely for the private sector, while the third day will be devoted to states and their contributions to the reconstruction of Iraq.