World Bank: Turkish companies acquire Iraq reconstruction projects

World Bank: Turkish companies acquire Iraq reconstruction projects



08/27/2017

Economy News _ Baghdad

World Bank experts estimate that the cost of reconstruction of Iraqi cities and areas recovered from a terrorist organization will cost about $ 100 billion.

"The reconstruction of Iraq will be a lucrative and attractive job market for major construction companies in the world," the report said, quoting experts from the World Bank.

According to the newspaper, these experts confirmed that Iraq will be the largest market for reconstruction in the world, starting in 2018, which will benefit primarily Turkish construction companies.

The International Bank for Reconstruction and Development (IBRD) has previously confirmed that it will participate extensively in the implementation of the reconstruction program of cities destroyed by the war in Iraq, where the government of Baghdad, in May, the negotiations with the bank to launch the program, Where priority is given to road projects and infrastructure for state utilities, which have been almost completely subverted.

The US President, Donald Trump, has presented in February, the US House of Representatives project 'reconstruction of Iraq for oil', and carries the project has more than 100 paragraphs, the majority of a legal and financial nature, through which Iraq could map a return Emaar.

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