Gulf States Pledge Billions to Rebuild Iraq After Islamic State Defeat
- U.A.E. pledges $5.5 billion in Iraq private-sector investment
- Saudi Arabia pledges $1.5 billion to help Iraqi reconstruction
Iraqis walk past the Haidar Khanah mosque in Baghdad on Jan. 5, 2018.
Photographer: Ahmad Al-Rubaye/AFP/Getty Images
This article is for subscribers only.
Gulf nations pledged billions of dollars in financial support to help Iraq rebuild after its war to defeat Islamic State, in what may be an effort to counter Iranian influence there.
The United Arab Emirates pledged investments of $5.5 billion in the private sector and $500 million for reconstruction, the country’s Minister of State for Foreign Affairs Anwar Gargash said. Saudi Arabia offered $1.5 billion in assistance, Qatar $1 billion and Kuwait $2 billion, officials said.