Iraq reconstruction to steam ahead


Feb 2018


With the Iraqi Prime Minister, Haider Al Abadi, and Rex Tillerson, US Secretary of State, both in attendance, the Kuwait Conference for Iraq Reconstruction was seen as a platform of Iraq’s reignited push for reconstruction investment.

Many projects have been spoken about previously, with 157 key projects highlighted by the NIC just last week that are already underway. However, in a surprise announcement, the US pledged US$3bn of credit line support in an MOU with the Iraq Finance Ministry for projects including infrastructure and transport, airlines, power stations and agriculture. Pledges for Iraq so far from the conference:

  • US: US$3bn
  • Turkey: US$5bn
  • Kuwait: US$1bn in loans and US$1bn in investment
  • Saudi Arabia: US$1.5bn and US1.5bn from Arab fund
  • Qatar: US$1bn
  • UAE: US$500m and US$5.5bn investments
  • Islamic Development Bank: US$500mn
  • Germany: US$500mn
  • EU: Euro400mn
  • Japan: US$100mn

The IFC (International Finance Corporation) is working with the Iraqi government and has spoken of its finance assistance for investors in Iraq.

1900 senior delegates from government agencies, embassies, Iraqi and international private companies and finance institutions participated in the event this week in Kuwait, putting the spotlight on the elevated importance of the push for reconstruction.

There was a gulf of expectation around the conference and although there was much to discuss on the individual projects, these discussions were not forthcoming. The key priority at the top of the agenda right now is for the airports and transport infrastructure to be up and running, followed by  humanitarian projects (housing, health and education).

For us, as supporters of investors in Iraq, the country is now ready and open for business. We are ideally placed to enable business to get started with the project definition and initial design work, that can then lead on to achieving the goals that were clearly stated at the conference. The critical elements are local knowledge, ground truth and understanding the EPC requirements. We can do all this and more and help you to make Iraq a country that fulfils its potential.

For more information, contact a member of the team at or call us on +971 4453 9899. 


Kuwait Conference for Reconstruction of Iraq

1900 participants attended the Kuwait Conference