Rebuilding Iraq banking on private sector funds

Outside the Nest Rebuilding Iraq

TigerSwan to Attend Kuwait International Conference for Reconstruction of Iraq

The Kuwait International Conference for the Reconstruction of Iraq kicked off Monday in Kuwait City, Kuwait's capital, with the focus on postwar reconstruction of Iraq and vital issues concerned.

"If the global community doesn't help the government of Iraq to stabilize these areas (devastated by the war) the gains against Daesh could be at risk", said Lise Grande, UN Humanitarian Coordinator for Iraq, at the Kuwait conference. When I was there four years ago, Baghdad looked dowdy and as though nothing new had been built since 1980 (compare to other oil countries like Kuwait or the UAE and the stagnation is breathtaking).

The minister noted that this comes in line with the principled stance of Kuwait to stand by neighboring Iraq, congratulating at the same time Iraq on its recent victories in liberating its territory from the grip of the IS, which is a danger not only to the region but also to the whole world. From providing protective services, secure housing and life support, construction management and logistical support, TigerSwan's experience in Iraq spans over a decade, and the company looks forward to participating in this next chapter.

Over 2.6 million people remain displaced across the country, the International Organization for Migration (IOM) said. "We will also be there in the reconstruction phase", he said.

The United States leads the coalition and hopes that after a three-year fight to defeat the militants it can count largely on Gulf allies to shoulder the burden of rebuilding Iraq.

Secretary General of the Iraqi Cabinet Mahdi Al-Allaq said that his country is a "promising" one, with huge potentials in terms of financial and human resources, as well as a sound investment environment.

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During the summer of 2014, Kuwait contributed $10 million to United Nations humanitarian agencies and IOM in response to the deteriorating humanitarian crisis in Iraq and donated $3 million to UNHCR in support of the organization's operations in Iraq.

Tillerson said he was concerned over recent events in northwest Syria, where Turkey launched an assault last month on a US-allied Kurdish militia it considers a threat on its southern border, adding that he was keenly aware of Turkey's "legitimate security concerns".

The first day of the conference is allocated for Iraq reconstruction programs and global assistance in this regard as well as the development works carried out by the non-governmental organizations in Iraq.

Al Jazeera's Sami Zeidan reports from Kuwait.

Washington is encouraging private-sector investment and expecting Sunni regional power Saudi Arabia to contribute as part of a strategy to reduce Iran's influence in Iraq.

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