His Highness the Amir Sheikh Sabah Al-Ahmad Al-Jaber Al-Sabah congratulated the Iraqi people on victory achieved and that led to the defeat of the so-called Islamic State (IS) and banishing it from most of its soil. His Highness’ remark came during the official inauguration of the Kuwait International Conference for the Reconstruction of Iraq (KICRI) on Wednesday.
The significant level of participation in this Conference, either government, civil or private, came as a global recognition of the magnitude of sacrifices by Iraq in its fight against terrorism, His Highness noted, pointing out that the international community sough to reward these sacrifices that turned lives of Iraqis in IS-controlled areas into a “living hell”.
Results of this Conference are a continuation of all “our” efforts, His Highness said. “Yet, we should not neglect the suffering of our brothers in Syria and Yemen due to the ongoing conflicts taking place there, but we are confident that we and the international community will support them as soon as security and stability are restored.” His Highness added that the magnitude of destruction inflicted on Iraq by terrorist groups could not be overlooked, which requires Iraq to embark on an inclusive reconstruction process that would cover infrastructure and other public utilities; a task that cannot be endured by Iraq alone, and a matter that urged “us” to call on the international community to partake and shoulder its responsibility.
“In light of our realization of such consequences, we considered the vital role of the private sector in reinvigorating the investment environment in Iraq. Last night, more than 2,000 businesses from the private sector came to examine investment opportunities in Iraq. Also, non-governmental organizations contributed in lessening suffering of the Iraqi people.” His Highness, during the speech, extended appreciation to Iraq, the United Nations, the European Union and the World Bank, all as co-chairs of KICRI, along with the host country. His Highness concluded by announcing a $1 billion in loans to Iraq through Kuwait Fund for Arab Economic Development, as well as another $1 billion in investments in Iraq.
Kuwait Deputy Prime Minister and Foreign Minister Sheikh Sabah Khaled Al-Hamad Al-Sabah said Wednesday that total contributions by countries participating in Kuwait International Conference on Reconstruction of Iraq (KICRI) reached $30 billion. Sheikh Sabah Al-Khaled said, in his speech at the closing session of ministerial meeting, that this amount came as result of a broad momentum that came from 76 participating countries, along with 51 international development funds, 107 local and international NGOs, in addition to 1,850 representatives from the private sector.
Abdullah Al-Maatouq, chairman of the International Islamic Charity Organization (IICO) said the number of pledges at the NGO Conference to Support the Humanitarian Situation in Iraq has reached $337 million. Al-Maatouq, made this announcement in his capacity