World Bank experts estimate the cost of reconstructing Iraqi cities and areas recovered from the ISIS at $100 billion.
Quoting experts at the World Bank, Al-Monitor indicates that the reconstruction programs in Iraq will attract construction companies in the world. According to the newspaper, starting 2018, Iraq will be the largest construction market in the world with Turkish companies vying for the lion’s share.
Earlier, the International Bank for Reconstruction and Development (IBRD) said it would participate extensively in the reconstruction of war-torn cities in Iraq. The Iraqi government began negotiations with the bank last May to launch the program. A total of 151 major projects have been identified, with priority given to road projects and utilities.