France FM visits Iraq to discuss reconstruction

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Iraqi forces are backed by an global coalition led by the United States, which pounds militant strongholds from the air.

Lise Grande, UN humanitarian co-ordinator for Iraq, said failure to help Iraq could lead to renewed instability.

"Rebuilding Iraq is restoring hope to Iraq, and restoring the stability of Iraq is stabilizing the states of the region and the world", said Planning Minister Salman al-Jumaili.

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Millions of people were displaced, in particular in the Sunni north, as a result of the battles and thousands were killed. About 1,900 delegates have registered to attend the conference, representing foreign governments, private sector companies and global organisations, NIC head Sami Al Araji told the gathering at the Kuwait Chamber of Commerce.

Mahlab highlighted the rise in economic growth rates, noting that Egypt's economic reforms and development plans have actually started to bear fruit but they still need to be given more time to prove their complete success and to really reflect on the daily lives of citizens.

The IFC has about $1.2 billion in investments in different Iraqi ventures including banks, cement plants and telecommunications, and is preparing to announce a $250 million investment in a telecommunication venture, he said. He said there were preliminary indications that some states would do so. "We call for the unconditional and honest participation of the global community in the reconstruction of Iraq", he added.

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Baghdad has said it is determined to tackle the red tape and corruption that hamper investment.

According to the Kuwait Chamber of Commerce and Industry, Iraq will present at the conference next week feasibility studies for 60 key investment projects with total amount exceeding $85 billion. Iraq reopened to foreign investment in 2003 after the US-led invasion that toppled Saddam Hussein, but the vast majority of the billions of dollars invested went to increasing its oil and natural gas production.

TigerSwan has been a licensed provider of safety and risk management services in Iraq for over 10 years and many of its employees served in Iraq as service members.

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