February 14, 2018 / 3:13 PM / 9 months ago

Investment and development pledges for Iraq at $30 billion - Kuwaiti Foreign Minister

U.S. Secretary of State Rex Tillerson and Kuwait's Minister of Foreign Affairs Sheikh Sabah al Khalid Al Sabah attend a joint news conference, in Bayan, Kuwait February 13, 2018. REUTERS/Stephanie McGehee

KUWAIT (Reuters) - Iraq has received investment and donation pledges from allies worth $30 billion, Kuwaiti Foreign Minister Sheikh Sabah al Khalid Al Sabah told a news conference on Wednesday.

“What resulted from this wide momentum of investor and developmental participation in the reconstruction of Iraq has reached $30 billion,” he said.

Donors and investors have gathered in Kuwait to discuss efforts to rebuild Iraq’s economy and infrastructure as it emerges from a devastating conflict with Islamic State militants who seized almost a third of the country.

Reporting by Maher Chmaytelli and Ahmed Hagagy; Writing by Ahmed Aboulenein; Editing by Alison Williams

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