Davos 2018: Iraq’s reconstruction may cost $100 billion, says Abadi
Iraqi Prime Minister Haider Al Abadi has said that Iraq’s reconstruction may cost up to $100 billion and tied the future growth plans to efforts to reassert the Iraqi constitution as the foundation of rebuilding ties between Baghdad and Erbil. Speaking at the World Economic Forum (WEF) in Davos, Al Abadi told the global gathering […]Gareth Browne writes for The National:
Iraqi Prime Minister Haider Al Abadi has said that Iraq’s reconstruction may cost up to $100 billion and tied the future growth plans to efforts to reassert the Iraqi constitution as the foundation of rebuilding ties between Baghdad and Erbil.
Speaking at the World Economic Forum (WEF) in Davos, Al Abadi told the global gathering that at least US$45bn was needed for reconstruction of Iraq following the battle against Isil, and that the figure could be “up to $100bn”.
He said and that the “[upcoming] Kuwait conference will present opportunities for regional investors to take part in the reconstruction of Iraq”.
