Iraq’s reconstruction will cost $88.2 billion, planning ministry says

FAN Editor
Destroyed building from previous clashes are seen in Mosul
Destroyed building from previous clashes are seen in Mosul, Iraq January 28, 2018. REUTERS/Khalid Al-Mousily

February 12, 2018

KUWAIT (Reuters) – Rebuilding Iraq after years of war and economic turmoil will cost $88.2 billion, the director-general of the country’s planning ministry, Qusay Abdulfattah, told an international conference in Kuwait on Monday.

About $22 billion will be required in the short term and $65 billion in the medium term, Adulfattah said at the conference, which was arranged to discuss Iraq’s reconstruction. The housing sector has the most urgent need for funds, he added.

(Reporting by Maher Chmaytelli and Ahmed Hegagy; Writing by Noah Browning; Editing by Andrew Torchia)

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