February 14, 2018 / 2:52 PM / in 4 months

Investment and development pledges for Iraq at $30 billion: Kuwaiti FM

KUWAIT (Reuters) - Iraq has received investment and donation pledges from allies worth $30 billion, Kuwaiti Foreign Minister Sheikh Sabah al Khalid Al Sabah told a news conference on Wednesday.

Kuwait's Minister of Foreign Affairs Sheikh Sabah al Khalid Al Sabah attends the Kuwait International Conference for Reconstruction of Iraq, in Bayan, Kuwait February 13, 2018. REUTERS/Stephanie McGehee

“What resulted from this wide momentum of investor and developmental participation in the reconstruction of Iraq has reached $30 billion,” he said.

Donors and investors have gathered in Kuwait to discuss efforts to rebuild Iraq’s economy and infrastructure as it emerges from a devastating conflict with Islamic State militants who seized almost a third of the country.

Reporting by Maher Chmaytelli and Ahmed Hagagy; Writing by Ahmed Aboulenein; Editing by Alison Williams

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