Qatar committed to supporting Iraq reconstruction: FM

Qatar committed to supporting Iraq reconstruction: FM

Saudi Arabia has pledged $1.5 billion and Qatar has pledged $1 billion to help rebuild Iraq after the war with ISIL.Britain said it would grant Iraq export credit of up to $1 billion per year for a decade.The United States said on February 13 that it was extending a $3 billion credit line but has not provided any direct government assistance. Germany said it would provide $350 million in assistance.

Some would be turnkey projects, in which contractors would hand over facilities to Iraq, while others would be build-operate-transfer deals in which private firms would receive concessions to operate facilities.

"Iraq's security and stability is part and parcel of the security and stability of Kuwait and the region", Sheikh Sabah al-Ahmad al-Jaber al-Sabah told participants in the conference.

Overall, Iraq is seeking $US88.2 billion in aid from donors.

Sheikh Sabah, the Emir of Kuwait and host of the three day global donor conference, announced on Wednesday $1-billion in loans for reconstruction projects in Iraq and another $1-billion of investments to help rebuild areas wrecked by ISIL.

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Arabian Gulf countries and institutions have pledged nearly 10 per cent of the estimated $88 billion needed to rebuild Iraq after the country's gruelling three-year war with ISIL.

Saudi Arabia has pledged $1.5 billion to help rebuild Iraq after the war with the Islamic State group.

"Declared Turkey will provide a credit facility of 5 billion United States dollars to Iraq at the International Conference for Reconstruction of Iraq".

Deputy Prime Minister and Foreign Minister Sheikh Sabah Khaled Al-Hamad Al-Sabah met on Tuesday with EU Foreign Policy Chief and Vice President of the European Commission, Federica Mogherini on the occasion of her visit and participation in the International Coalition Against IS conference and Kuwait International Conference for the Reconstruction of Iraq (KICRI), hosted in Kuwait this week.

Iraq invaded oil-rich Kuwait in 1990 under former dictator Saddam Hussein, before it was forced to withdraw by a US -led military coalition.

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