Rebuild Iraq's Liberated Regions Exhibition and Conference
Project Iraq- Baghdad 2018 is introducing for the first time a concurrent event called Baghdad Liberated Regions Exhibition & Conference. d. The event will also gather industry experts to discuss the challenges and opportunities in various sectors, on an international level.
World Bank experts estimate the cost of reconstructing Iraqi cities and liberated provinces at $100 billion. They stated that reconstruction programs in Iraq will be a lucrative and attractive job market for major construction companies worldwide. They also confirmed that Iraq will be the largest market for reconstruction in the world, starting 2018.
Many countries have already shown much interest or offered to sign agreements to contribute to the reconstruction of the liberated regions in the coming period, including China, the United Kingdom, France, and Turkey, among others.
- Salman al-Jumaili, the Iraqi Minister of Planning has reportedly adopted a two-phase reconstruction plan, one of which is set to begin in 2018 and end in 2022. The second is set for the period between 2022 and 2028.
The World Bank has approved a $400 million financial assistance package in November to support the recovery, reconstruction, and rehabilitation of priority infrastructure to restore delivery of public services in areas of Iraq’s newly liberated provinces.