Iraq Launches Five Year Reconstruction Plan That Will Cost US$35 Billion

UN reports that the reconstruction of Da'ish-controlled areas will reach 35 billion dollars, including Mosul's which will cost 14 billion dollars.

Arbil/ Iraq TradeLink: Iraqi Planning Ministry organized a conference to reconstruct Iraq after the end of Da'ish (ISIS) war.

The 3-day conference aimed at arranging a long-term plan for the reconstruction of the devastated areas and achieving economic development for the years 2018-2023.

UN reports that the reconstruction of Da'ish-controlled areas will reach 35 billion dollars, including Mosul's which will cost 14 billion dollars.

The Kurdish government is trying to include its region within this plan.

On the other side, ex-planning minister Mehdi al-Hafidh confirmed the difficulty of this plan due to the security situation.


The plan is expected to be implemented with the assistance of the European Union and the United Nations.

Source: Iraq TradeLink

 

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