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

Reuters News
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Posted: Feb 12, 2018 3:05 AM

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.

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