KUWAIT / ABU DHABI –
The International Conference for the Reconstruction of Iraq, attended by dignitaries from more than 70 countries and nearly 1850 international companies, was launched in Kuwait on Monday. Iraq for ten years from 2018 to 2027, noting that the conditions are ready for completion with the need for Iraq to nearly $ 88 billion in the near and medium term for the reconstruction of the country, while the Secretary-General of the Council of Ministers Mahdi Al-Alaq, “This conference represents an expression of solidarity with Iraq is at the stage of education Avi of the war after the great destruction. ”
The first session of the meeting was attended by the Minister of Planning Salman Al-Jumaili, the Secretary General of the Council of Ministers Mahdi Al-Alak and the President of the Iraqi Reconstruction Fund Mustafa Al-Hiti. The Kuwaiti side is the Chairman of the Board of Directors of the Fund Kuwaiti Deputy Prime Minister and Foreign Minister Sheikh Sabah Al-Hamad Al-Sabah.
The Minister of Planning Salman Jumaili said during the first session of the conference that “the circumstances are ready to begin reconstruction operations within the framework of the plan set by the Iraqi government for this purpose, which lasted 10 years from 2018 to 2027,” pointing out that “the important aspect in achieving development is the presence of many Of the investment opportunities available in all fields, “calling on international companies to” take advantage of these Iraqi opportunities, “stressing” the commitment of the Iraqi government to ensure full transparency in the use of available resources through the construction of a national electronic digital platform includes the immediate announcement of resources from grants and grants, Various means of support “.
Al-Jumaili revealed that “the total damage caused to the seven provinces because of the terrorist acts, the provinces of Nineveh, Anbar, Salah al-Din, Baghdad, Babil and Diyala, Kirkuk, amounted to about 46 billion dollars, adding to the total damage in the security sector, which amounted to 14 billion dollars ”
The reconstruction and recovery needs were estimated at $ 88.2 billion, of which $ 22.9 billion is needed by Iraq in the short term and $ 65.4 billion over the medium term,” he said. A message of solidarity
For his part, said the Secretary-General of the Council of Ministers Mahdi Al-Alaq: “The Kuwait International Conference for the reconstruction of Iraq is based on three pillars of the basic is reconstruction and support the processes of stability and peaceful coexistence and encourage investment and access to investment opportunities available,” and added in his speech, “Iraq presented a strategic document Including a field study covering the damage caused by the war on terror and the real needs of post-war reconstruction. ”
Al-Aalak stressed that “this conference represents an expression of solidarity with Iraq in the stage of recovery from war after the great destruction,” explaining that “despite the resources Iraq has large, but the international support for Iraq is important for the reconstruction,” adding that “the government Iraq has taken a package of measures to create the appropriate ground for reconstruction and investment in Iraq through six axes is a secure and stable Iraq, upgrading the level of service and livelihood and the involvement of the private sector in the process of development and governance of financial sustainability and financial and administrative reform and regulation of federal and local relations.
In turn, the Governor of the Central Bank of Iraq Ali Alalak said in a statement to the “morning”: “There are central committees to implement the projects proposed to the conference under international supervision, and distributed projects between the participation of the World Bank and the United Nations, and companies invested absolute freedom to choose the supervisor,” noting that “There is a special plan for the management of such projects, and will not be managed in the previous traditional way.” He pointed to the importance of the program of the conference (Invest in Iraq), which will be held Tuesday with the participation and attendance of hundreds of international companies. He explained, “Iraq will present during the conference important investment projects, For investment companies in addition to infrastructure projects and services, “stressing that” there are countries ready to provide guarantees to lenders to Iraq for soft facilities and a few benefits. ” Basic principles
For his part, the head of the Fund for the reconstruction of areas affected by terrorist acts Mustafa al-Hiti: “The project of reconstruction of Iraq based on three principles is the humanitarian dimension and the economic dimension and reconstruction of infrastructure,” and Hitti that “138 thousand housing units affected by the war on terrorism “The vision of the fund lies in building confidence between the Iraqis and the state on the one hand, Iraq and the international community on the other hand, in addition to building the human and the walls and the maintenance of the economic wheel in the country,” he said. The affected cities m Terrorist operations. ” Planning Vision In the same context, Deputy Minister of Planning Maher Johan said:
“The government should reflect its view on a clear vision of the recovery of provinces affected by terrorist operations according to social and economic standards and work to develop this vision as a national task that reflects on all Iraqi communities,” Johann said during the experts’ meeting. Iraq is based on governance, real institutional building, transparency, accountability and decentralization in decision-making, building national reconciliation, restoring the social contract, social and human development, and economic development. “Also speaking at the first day sessions were Hussein Daoud and Qusay Abdul Fattah, Thread. Support and support , the Director General of the Kuwait Fund for Arab Economic Development Abdul Wahab Al-Badr, “Iraq suffered heavy losses as a result of the war on terrorism touched all sectors of life, which requires good planning for reconstruction.”
Al-Bader said in his speech during the meeting experts: “Iraq has been subjected to a fierce attack of terrorism led to the displacement of more than five million Iraqis outside their homes, causing heavy losses,” and stressed the full moon “the need to help Iraq and support its reconstruction to instill hope in the youth to not The children are in the grip of extremism and terrorism, “praising the” Iraqi vision, which is based on concerted efforts and the construction of the basic elements of recovery and economic growth supported by the efforts of international development and the private sector. ” Concluding statement In conclusion, the meeting stressed (high – level experts to the program of the Republic of Iraq for reconstruction and the role of financial institutions) on Monday, it aims to provide help Iraq to get out of the effects of what he suffered from terrorist operations.
The Director General of the Kuwait Fund for Arab Economic Development Abdul Wahab Al-Bader said in a speech at the closing session: “Iraq has presented his vision on his reform program and efforts to build a healthy society and economy and work to discard the division between the people of one people.” Al-Bader pointed out “the efforts of funding agencies And their participation in the reconstruction of Iraq and their aspirations to support the efforts of the Iraqi government in this regard in a way that allows the return of Iraq to the stage of stability and economic growth.
For his part, the Secretary-General of the Council of Ministers Mehdi Alalak in a closing speech: “The Iraqi side reviewed the extent of the destruction of the liberated areas and the difficulties facing the Iraqi government in the reconstruction,” adding that “the figures presented is based on a realistic study,” indicating “The amount of 88 billion dollars for the development of different sectors may be a large amount, but this amount is objectively linked to the real need in the reconstruction of different sectors.” Emaar comprehensive Minister of Construction and Housing Anne Nafie Osei, confirmed that the amounts awarded in Kuwait , the Conference will include all the provinces of Iraq, said Osei in a press statement that ” the priorities geared towards the reconstruction of the affected cities and also the rest of the other provinces that have faced difficulty during the storm of the economic crisis in the country,” she said That “the southern cities have been damaged by the government’s preoccupation with the war against the Dahesh.”
In response to a question if she expects to receive 100 billion from the Kuwait conference, she said: “Our projects will be presented at the conference, and we hope to receive an amount.” She explained that “there is a sincere intention to help Iraq to overcome the crisis, And housing, “under this circumstance, Iraq needs international support budget is not enough for the reconstruction of cities,” indicating that “damage to the infrastructure amounted to 3 trillion and 700 billion dinars, and damage in the housing sector amounted to 16 trillion and 500 billion.” Invest in Iraq – Tuesday 13 February
The Investment Authority in Iraq, which will be dedicated to the presentation of promising investment opportunities in Iraq to international companies, according to a document seen by the “morning”, the National Investment Commission will provide 157 investment opportunities in all governorates of Iraq in addition to 55 other opportunities in various fields will be presented to more than 1850 international companies and institutions participating in the conference, and the number of investment opportunities combined 212, the following program “Invest in Iraq” which will be held at the Crowne Plaza Hotel in Kuwait City:
• opening session (environment Favorable to mention The private sector in reconstruction) headed by Sami al-Araji, head of the National Investment Authority, and speaking by the Minister of Planning Salman Jumaili and the President of Kuwait Chamber of Commerce Ali Al-Ghanim.
• (Investment Environment in Iraq: Reform Program), which is addressed by the Director of the Legal Department of the Investment Authority, and Mohamed Abdelkader of the World Bank.
• (reconstruction of Iraq: a great opportunity for the private sector) Chairman of the National Investment Commission Sami Araji.
• Key Investment Opportunities in Iraq (IFC).
• The main investment sectors in Iraq are delegates from Iraq and international institutions.
• (Reconstruction Finance) The session is chaired by the Governor of the Central Bank Ali Alaq, and speakers from the International Monetary Fund and the Association of Iraqi Banks and the Committee on the Economy of Parliament.
• Forms of finance and guarantees (Ministry of Planning, Iraqi Bank for Trade, German Institutions, International Finance Corporation, General Electric Corporation and Daman International Agency)
• One window: support for investors in Iraq, headed by the head of the National Investment Authority, Sami al-Araji, and attended by Prime Minister Haider al-Abadi and US Secretary of State Rex Tillerson.
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