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Kuwait calls on countries participating in the conference to rebuild Iraq to fulfill their obligations


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Kuwait Conference The most important steps of global solidarity with Iraq

 
 

 
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13/2/2018 12:00 am 
 
With the start of its launch yesterday 
Baghdad / Hussein Thugb 
Iraq's reconstruction conference was opened with broad international and domestic participation amid hopes that this international forum will come to fruition and honor the victorious Iraq after years of war on behalf of the world. The participating countries recognize the role and sacrifices of Iraq for the purposes of serving the world as a whole. 


Economic success 
"The importance of Iraq to be strong in its economy and security because of the elements of economic and security success, and we must recognize that the country derives its strength from the economic and human resources it possesses, which qualify him to be at the forefront of the economies of the region and a global impact." 
He pointed out that "the possibility of the conference will be a real start for the construction and reconstruction operations sought by the country, after being identified the challenges facing investment operations by international companies and work to overcome them through investment owners participating in this important conference. 
Al-Bahadli pointed out that "this global solidarity must be invested in Iraq's service and work to change the shape of its economy and commensurate with its true position among the rich countries of the world, especially with the possibility of making it a global economic tiger." 


Great work area 
Economist Haider Al-Aqabi noted that "the conference, which brings together the poles of the work from public institutions and the private sector of Iraq and foreign organizations and international governments must come out with positive things in the light of a serious desire for mutually beneficial cooperation, where the grants to provide the keys to Iraq to work opportunities Wide and in many sectors, especially since everyone knows that Iraq is a major work area that accommodates extensive activities of the international effort specialized. " 
"The conference on its first day gave us new opportunities for communication with the outside world and the international companies that want to work in Iraq," said Salwan al-Nouri, executive director of the Iraqi Bankers Association. "The financial sector has major tasks in the construction and reconstruction operations Iraq seeks during the period And it should be on the level of the responsibilities entrusted to it, where it requires the need to provide the best global banking products adopted by international banks and regional. 
He pointed out that "the delegation during the conference touched an international desire to deal with Iraq, where extensive discussions are held between delegations in order to identify the nature of work and form of future cooperation between Iraq and the global effort." 


First session 
The Iraqi people are waiting for the international community to support the reconstruction after the courageous stand of this people in confronting and defeating terrorism and protecting the world from its danger, Noting that "the conditions are ripe for the start of reconstruction operations within the framework of the plan set by the Iraqi government for this purpose, which lasted 10 years from 2018-2027, pointing out that" the important aspect in achieving development is the existence of a lot of investment opportunities available in all areas. " 
He reviewed the efforts of the Iraqi government in surveying the damage and the results of the war against terrorism and the efforts of the Ministry of Planning in responding quickly to such needs, including the reform program, recovery and reconstruction. "The Iraqi government's commitment to ensure full transparency in the use of available resources, The immediate announcement of the resources of grants, grants and various means of support
The first session was attended by Minister of Planning Dr. Salman Al-Jumaili, Secretary General of the Council of Ministers Dr. Mahdi Al-Alaq and Chairman of the Iraqi Fund for Reconstruction Dr. Mustafa Al-Hiti. The Kuwaiti side was attended by the Chairman of the Kuwait Fund for Economic Development- 


The importance of the conference 
The session witnessed a number of speeches that spoke about the importance of the conference and the role of the international community in supporting the efforts of the Iraqi government in the reconstruction and development in Iraq 
Planning Minister Salman al-Jumaili chaired a special meeting on Monday morning, including the head of the Iraqi Reconstruction Fund, Mustafa al-Hitti, the governor of Salah al-Din and Anbar, the deputy minister of planning, Maher Johan, and the director general of sector planning in the Ministry of Planning. 


Attracting investments 
"The Iraqi market is one of the most promising markets in the region, as most companies are looking forward to being in the Iraqi market because of Iraq's strategic importance in the region and the development efforts that the country is witnessing at various levels," said Ibrahim Manna, general manager of emerging markets at Karim. Iraq is witnessing a significant shift towards technology and enjoys the highest levels of Internet penetration in the world and the high rate of use of mobile phones and smart, also become a destination for businessmen from around the world, which is consistent with the services of companies, aimed at addition to citizens and businessmen, "We are confident in the potential of the Iraqi market and look forward to expanding our services to the different regions and cities of Iraq," he said. 
 
Work key 
Tourism Minister Hassan Al-Saadoun pointed out that "Iraq is the key to the work of major tourist companies. There are economic groups or holding companies present at the conference and working to communicate with the Iraqi delegation participating in its public and private sectors. This can be a great gesture of hope. Mali is not depleted but revenues are rising over time. " 
"Iraq can enter into cooperative partnerships with major tourism companies in the world and work for tourists to and from Iraq, where we have tourist facilities of interest to most of the world's population, as well as the first civilization on earth, which is part of the holdings in the world's largest museums "He said. 
 
Positive results 
The head of the mission of the United Nations Agency for Migration in Kuwait, Iman Erekat, expressed her hope that the Iraq Reconstruction Conference will produce positive results in favor of Iraq economically and security. 
"The achievement of the objectives of the conference is reflected in the provision of assistance to the Iraqi people and encouraging the investment process for the reconstruction of Iraq," she said. 
"The reconstruction of Iraq can not be carried out without this being reflected in the humanitarian dimension, especially on the displaced," she said, noting the efforts of the United Nations to return all displaced persons to their cities and areas in stages. To the services needed by those areas such as education, health and infrastructure services. 


An ambitious program 
"The time has come for Iraqis to enjoy peace, freedom and a decent life. The Iraqi government is pave the way for this, by resolutely fighting terrorism and improving levels of economic growth in Iraq with the help of an ambitious economic reform program," said Joe Kaiser, CEO of Siemens AG. "The criteria set by the government include accelerating reconstruction efforts, developing human capital and creating more jobs and jobs." The company is proud of its contributions to realizing that vision on the ground, and we are proud to be part of the future of Iraq, Part of its past, where the company has not left Iraq since we started, even in the most difficult times and tribulations. " 
"After eight decades of working on the country's largest infrastructure projects in cooperation with our local partners, Siemens now has a privileged position to support the economic situation in Iraq and move towards greater stability and development." 
"Energy is the cornerstone of Iraq's hoped-for social and economic development, and thus securing electricity is one of the biggest challenges facing the country," he said, noting that Iraq's electricity grid is under enormous pressure at present, especially in the summer. In Iraq, Iraq needs to increase electricity generation capacity by 40 gigawatts by 2025. A different approach must be taken to deal with this crisis by implementing new power generation projects to provide fast and efficient electricity supply solutions ".
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The International Conference for the Reconstruction of Iraq, hosted by the Kuwaiti capital for three days, kicked off today in Kuwait . While the head of the Higher Media Committee of the Conference, Mohammed Abu al-Hassan, said that Baghdad provided the necessary guarantees on the fate of the grant and the formation of follow-up bodies, said the Secretary-General of the Iraqi Council of Ministers Mahdi al-Alaq that Iraq saved the world from "dashing" and the world to reward Baghdad generous assistance. 

 

The conference, which is being held under the patronage of the Emir of Kuwait Sheikh Sabah Al-Ahmad Al-Jaber Al-Sabah, will be attended by a number of donor countries and a group of international and regional organizations.

Kuwaiti Deputy Prime Minister and Foreign Minister Sheikh Sabah Khalid Al-Hamad Al-Sabah said that the Kuwait conference for the reconstruction of Iraq will be a platform for the advancement of Iraq. He said that his country is keen to support Iraq, especially after restoring stability and success in eliminating the organization.

He stressed during a press conference in Kuwait that on the sidelines of the conference will be a meeting of foreign ministers of the coalition against the organization "Daash" to develop a strategy to combat terrorism.

Officially, the meetings of the conference began today with the high-level meeting of experts for the reconstruction of the Republic of Iraq and discussed the role of institutions for funding from the Kuwait Fund.

The meeting was opened by the Director General of the Kuwait Fund for Arab Economic Development, Abdul Wahab Al-Bader, with the participation of the Secretary-General of the Iraqi Council of Ministers Mahdi Al-Alaq, the President of the Fund for the Reconstruction of the affected areas in the Republic of Iraq Mustafa Al-Hiti and the Director General of the Arab Fund for Economic and Social Development.

The opening was a documentary about the devastation in the Iraqi province of Nineveh, centered in Mosul - the second largest city in terms of population.

This was followed by a panel discussion on the social dimension of the reconstruction of liberated areas and a discussion session on the human dimension of reconstruction in Iraq, with the participation of the EU Commission, the International Committee of the Red Cross, the French Development Agency and a session on governance and accountability, UNESCO "Audrey Azoulay, and the representative of the German Ministry of Economic Cooperation and Development Bogman Hagdron.

In parallel, a conference of non-governmental organizations will be held to support the humanitarian situation in Iraq, with the participation of the President of the Islamic Charitable Organization Abdullah Al-Ma'touq, the Chairman of the Advisory Council of Iraqi Prime Minister Abdul Karim Al-Faisal; and the Assistant Secretary-General of the United Nations Middle East and Central Asia Association, Rashid Khalikov.

The conference will focus on the latest developments in the humanitarian situation in Iraq and the humanitarian response efforts in the country. The conference will discuss the declaration of pledges to support the humanitarian situation in Iraq for the year 2018, as well as the mechanisms and facilities to be provided by the Iraqi government to the contracting organizations.

The second day will witness the conference "Invest in Iraq" sponsored by the Kuwait Chamber of Commerce and Industry. The conference will be attended by the President of the Kuwaiti Chamber Ali Al-Ghanim, Chairman of the National Investment Authority Sami Al-Araji and Head of the Legal Affairs Department Nizar Hussein.

The meeting will focus on Iraq's major investment sectors, especially oil and gas, transportation, industries, real estate, economic zones, energy, agriculture and health, with a view on the overall Iraqi economy and the Iraqi banking sector, with the participation of Iraqi Central Bank Governor Ali Alaq and the regional director of the International Monetary Fund, Jihad Azour.

The head of the National Institute for Investment in Iraq, Sami Araji, explains the window to support investors in Iraq. US Secretary of State Rex Tilerson and Iraqi Prime Minister Haider al-Abbadi also address the meeting.

The last day, Wednesday, February 14, is the recitation of the statement of the Amir of Kuwait Sheikh Sabah Al-Ahmad Al-Sabah, Iraqi Prime Minister Haider Al-Abbadi, UN Secretary-General Antonio Guterres, EU High Commissioner Christos Stilianides and World Bank Group President Jim Young Kim.

On the afternoon of the last day, the session will devote to the statements and declarations of the participating countries on their financial obligations. Then a closing session will be held between the sponsor of the conference - the State of Kuwait and the Republic of Iraq - followed by a press conference of the two governments.

The Secretary-General of the Iraqi Council of Ministers Mahdi Alalak, said earlier, that the conference will not be traditionally, will be announced investment opportunities, which will be a main pillar, and will be preparing investment plans and reports on the extent of damage, according to specialized field studies.

A report on the amount of destruction and the amounts needed for the reconstruction of Iraq will be published on the official website of the conference.

He pointed out that the amount needed by Iraq for reconstruction is not less than 100 billion dollars, in order to support the housing sector is heavily affected, and also sectors of oil and telecommunications and basic industries and services.

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The head of the Foreign Relations Committee of the Iraqi Council of Representatives, Abdul Bari Zebari, that the rapid reconstruction of Iraq requires "huge funding and fast" from the international community. 

"The greater the international funding, the faster the process of reconstruction and the return of security stability," Zebari told Sputnik on the sidelines of the Iraq Reconstruction Conference in Kuwait. "We are ready to give all the necessary guarantees to all who ask for it. Any party was ». 

He explained that there are 3 stages to reach the desired goal, the first is the imposition of security stability, and the unification of all components of the Iraqi people, and start reconstruction through the activation of investment. "The issue will take years to achieve," Zebari said. "We want to accelerate this, but that depends mainly on the extent of the cooperation of the region and the Arab brothers. The goal is greater than the capacity of Iraq."

Speaking about the Russian participation in the conference on reconstruction of Iraq, Zebari said, «Russia is a state participating in the conference, a key part and a basis, and a strong ally of the allies of the war on the organization« calling »terrorist».

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The International Finance Corporation (IFC), the private sector arm of the World Bank, has urged international companies to overcome their concerns about financing reconstruction projects in Iraq and capitalize on high-yielding investment opportunities there.
“As the country emerges from a devastating three-year war against ISIS, I do not think anywhere in the world there are such opportunities for investment,” said Ziad Bader, head of the International Finance Corporation’s mission in Iraq, in a speech at Kuwait Chamber of Commerce and Industry.
“IFC has investments of about $ 1.2 billion in various projects in Iraq, including banks, cement factories and telecommunications companies, and is preparing to announce an investment of $ 250 million in a telecommunications project,” he said.

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The World Bank has identified the needs of the affected sectors in Iraq for reconstruction.
“The housing sector in Iraq needs $ 17.4 billion,” the bank’s representative Raja Arshad Rihan was quoted as saying by the Asharq Al-Awsat newspaper. “The education sector needs 4.5 billion and the health sector is 4.3 billion.”
“The reconstruction of the trade sector needs $ 10.6 billion, and the energy, oil and gas sector to $ 16.3 billion,” he said.
Iraq needs 23 billion dollars in the short term and 65 billion dollars in the medium term, he said, noting that the damage to the energy and oil sectors is the highest.

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The conference of Invest in Iraq, organized by Kuwait Chamber of Commerce and Industry (KCCI), will kick off Tuesday morning as part of the Kuwait International Conference on Iraq Reconstruction.
The opening session of the conference will discuss the environment for private sector participation in the reconstruction of Iraq, with the participation of Kuwait Chamber of Commerce and Industry President Ali al-Ghanim, head of the Iraqi National Investment Commission Sami al-Araji and Iraqi Planning Minister Salman al-Jumaili.
The conference will discuss the investment environment in Iraq, the reform program and the means of reconstruction as well as reviewing the private sector opportunities through presenting successful investment experiences, the main investment opportunities in Iraq and the role of the International Finance Corporation in this regard.
The conference will also look at key investment sectors in Iraq in the fields of oil and gas, transport, industries, real estate, economic zones, energy, agriculture, health and others.
The Governor of the Central Bank of Iraq, Ali al-Aalak, in a discussion session entitled (Financing reconstruction) overview of the framework of the Iraqi economy, especially on the banking sector and ways to support the private sector for achieving a flexible peace.
The conference will also discuss the forms of domestic and foreign financing, public-private partnership, IFC’s Iraq financing projects, as well as investment guarantees.
The conference devoted a panel discussion entitled “One Window: Supporting Investors in Iraq,” in which US Secretary of State Rex Tilerson, Iraqi Prime Minister Haider al-Abbadi and Iraqi National Investment Commission Chairman Sami al-Araji participated.

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Kuwait’s International Conference on Iraq Reconstruction is the beginning of the security and development phase in the region, the head of Kuwait Chamber of Commerce and Industry Ali Al-Ghanim said on Tuesday.
Al-Ghanim said during the opening session of the conference on “Invest in Iraq” that the Kuwait International Conference for the Reconstruction of Iraq, which began in Kuwait on Monday and continues until Wednesday, said that Kuwait does not consider the conference as a new experiment that enshrines Kuwait’s regional, Arab and international role. Is a pioneering experience in restoring Arab-Arab relations from a future perspective and reconciliation.

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Release date: 2018/2/13 11:02 • 251 times read
Kuwaiti official: large turnout and enthusiasm to invest in Iraq

Kuwait's International Conference on Iraq's Reconstruction is the beginning of the security and development phase in the region, Kuwait Chamber of Commerce and Industry (KCCI) president Ali al-Ghanim said Tuesday.
Al-Ghanim said during the opening session of the conference program "Invest in Iraq" within the framework of the Kuwait International Conference for the Reconstruction of Iraq, which began in Kuwait on Monday and continues until Wednesday. "Kuwait does not consider the conference as a new experience that enshrines Kuwait's regional, Arab and international role, A pioneering experience in restoring Arab-Arab relations from the perspective and interests of the future. " 
Al-Ghanim considered the conference as an investment event which includes about 1500 companies from 50 countries who have learned the importance of projects and indications of the reconstruction of a country in the size, place, potential and suffering of Iraq. 
He added that the companies have accepted with optimism and enthusiasm to participate in this economic, political and humanitarian opportunity at the same time, recalling the seriousness, efficiency and success of previous experiences of the State of Kuwait.
He said that all national, regional and international bodies cooperating in organizing this conference know that the second day represents the real economic pulse, especially as it is related to the participation of the international private sector in the ownership and financing of development projects posed by Iraq. 
He stressed that the participation of the private sector should be larger and far more influential and profound, pointing out that "the program today is full of clarification of the nature of the unprecedented guarantees enjoyed by these projects as well as the form of support received by investors." 
The program is also rich in personalities involved In addition to the expertise and competence of the administrative and technical leaders in Iraq and international development institutions, the forum will be attended by Prime Minister Haider Abadi, US Secretary of State and Iraqi Planning Minister and Chairman of the Committee on Economy and Investment in the Iraqi Parliament.
"Kuwait is not only looking at the conference as a global development mobilization, but also seeing it as an Iraqi and regional declaration that ends the period of instability and the beginning of security and development in the region," 
he said. 
He pointed out that Kuwait does not consider this conference merely a new experiment that devotes its regional, Arab and international role and the truth of its developmental and humanitarian endeavors, but a pioneering and important experience in restoring Arab-Arab relations from the perspective of the future, reconciliation and progress.
Kuwait is qualified to be the main gate for the reconstruction of Iraq due to the geographical proximity of Kuwait and its social and economic integration and the use of its infrastructure and the efficiency of the institutional structure, democracy, judiciary and the banking system. 
For his part, the Minister of Planning Salman Jumaili in his speech investors to enter the Iraqi market and see the investment opportunities provided by the Iraqi government, which provided guarantees to investors. 
He said that the Iraqi government has enacted laws that grant guarantees for investment and facilitate their procedures, stressing that contributing to the process of reconstruction through entering Iraqi investments represents a message of love, peace and stability, especially as stability of Iraq represents stability for the whole region.
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Economy News Baghdad

The governor of the Central Bank, Ali al-Alaq, on Tuesday, an increase in the number of projects that will come out of the Kuwait conference for the reconstruction of Iraq, pointing out that it depends on what can be Iraq's facilities.

In an interview with the media on the sidelines of his attendance at the conference, Al-Aalak said that he expected a large increase in the number of projects that will be taken out by the Kuwait conference for the reconstruction of Iraq and it needs more facilities to take its investment course.

He added that "the infrastructure projects are large and wide, whether in the affected areas or in other provinces."

He pointed out that investment projects are related to all sectors and have important strategic projects at all levels, which are left to investors and attendees to decide what they can.


Views 278   Date Added 02/13/2018

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  • yota691 changed the title to Kuwait Chamber of Commerce: Iraq reconstruction conference is the beginning of the stage of security and development in the region
 
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Prime Minister Haider Abadi

  

 money and business


Economy News Baghdad: 

Prime Minister Haidar al-Abadi announced the start of the second phase of the Iraq reconstruction plan through the Kuwait conference. 

Abadi said in his speech before going to Kuwait, and followed by "economy News", "The destruction suffered by Iraq because of terrorism made us go to reconstruction," asserting "the start of the second phase of the reconstruction of Iraq through the Kuwait Conference." 

He added that "there are those who want to block the reconstruction phase in order to continue corruption and control of public money," adding that "the current stage of reconstruction will create thousands of jobs and improve economic development." 

He noted that "Basra province is the nerve of the Iraqi economy and feed all Iraqis today and will become a kiss to investors through the imposition of security." 


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International Alliance against Dahesh "starts meeting in Kuwait

In the presence of representatives of 74 countries ...

 
 

 13/02/2018 - 11:29

 
 
International Coalition against the "  Starts meeting in Kuwait
 

The ministerial meeting of the international coalition against the organization began Monday, with the presence of 74 members from countries and international organizations as part of the Kuwait International Conference on Iraq Reconstruction.

Kuwait News Agency reported that "the meeting will be held within the framework of ongoing international efforts and joint coordination in the field of combating terrorism and follow-up of the strategy drawn up by the coalition to fight the Al-Qaeda organization."

"The meeting includes two first meetings to discuss the latest developments related to the war on the organization of a preacher in Syria and Iraq, while the second session will discuss the fight against terrorism in the regions of the world in general and follow-up efforts of the coalition in the fight against a special advocate."

"An organized organization has been eliminated in areas of conflict in Syria and Iraq, but the guerrillas who survived the killings are usually to return to their countries or go elsewhere," KUNA quoted Assistant Foreign Minister for Development and International Cooperation Ambassador Nasser Al-Subaih as saying. , Noting that "the idea at the beginning was new and with the passage of time the international community began to assimilate, explaining that the Kuwaiti proposal on the rehabilitation of returning fighters depends on correcting thought and advice and promote a proper understanding, especially that some were arrogant.

The International Reconstruction Conference for Iraq was launched in Kuwait on Monday and Baghdad offered its reconstruction program, saying it needs more than $ 88 billion.

 

Officials at the conference - which is being held under the chairmanship of five parties - Kuwait, Iraq, the European Union, the United Nations and the World Bank - and will continue for three days - seek pledges from donors and investors to rebuild Iraq's homes, schools and hospitals and its economic infrastructure.

The first day of the conference was dedicated to local, regional and international non-governmental organizations, where non-governmental organizations pledged $ 330 million for humanitarian assistance in Iraq.

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Kuwait: Import of Iraqi gas in its final stages and agreement within months

 

 Since 2018-02-13 at 12:47 (Baghdad time)

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Follow up of Mawazine News 

Kuwaiti Oil Minister and Minister of Electricity and Water Bakheet Al-Rashidi said that the import of Iraqi gas in the final stages and that the agreement on the matter will be within months

Al-Rashidi said that talks with Iraq on the import of gas from Iraq in the final stages expected to be an agreement within months.

He pointed out that the transfer of gas from Iraq to Kuwait will be "through the pipelines, where Iraq is responsible for the lines extended in its territory while Kuwait is responsible for the lines extending in its territory."

On the investment of Kuwaiti oil companies in Iraq, Al-Rashidi said that a Kuwaiti private oil company is currently investing in Iraq, wondering "Why do not we have investment in Iraq as long as it is stable?"

The conference, which is being organized by the Kuwait Chamber of Commerce and Industry, will take place on Tuesday at the Kuwait International Conference on Iraq Reconstruction.

The opening session of the conference will discuss the environment for private sector participation in the reconstruction of Iraq, with the participation of Kuwait Chamber of Commerce and Industry President Ali al-Ghanim, head of the Iraqi National Investment Commission Sami al-Araji and Iraqi Planning Minister Salman al-Jumaili.

The conference will discuss the investment environment in Iraq, the reform program and the means of reconstruction as well as reviewing the private sector opportunities through presenting successful investment experiences, the main investment opportunities in Iraq and the role of the International Finance Corporation in this regard.

The conference will also consider the main investment sectors in Iraq in the fields of oil and gas, transport, industries, real estate, economic zones, energy, agriculture, health and others.

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  • yota691 changed the title to Kuwait calls on countries participating in the conference to rebuild Iraq to fulfill their obligations
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