Saudi Arabia Pledges $1.5 Billion to Help Rebuild Iraq

Saudi Arabia Pledges $1.5 Billion to Help Rebuild Iraq

Wednesday, 14 February, 2018 - 11:00
Saudi Foreign Minister Adel al-Jubeir attends the second day of an international conference for reconstruction of Iraq, in Kuwait City, on February 14, 2018. YASSER AL-ZAYYAT / AFP
Asharq Al-Awsat
Riyadh pledged on Wednesday $1.5 billion to help rebuild Iraq after the war against ISIS terrorist group.

Saudi Foreign Minister Adel al-Jubeir made the pledge at a donor's conference at Bayan Palace in Kuwait City.

Earlier in the day, Kuwait's Emir Sheikh Sabah Al Ahmad Al Sabah said his country will give $1 billion in loans and $1 billion in direct investments to help rebuild Iraq.

The United Arab Emirates also pledged $500 million.

Several other countries and organizations have made pledges as well.

Overall, Iraq is seeking $88.2 billion in aid from donors to help rebuild the country after a three-year war against ISIS which devastated homes, schools, hospitals and economic infrastructure, displacing millions of people.

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