Iraqi president announces the launch of a reconstruction agency Construction and Real Estate

ROME (Reuters) - Iraq plans to launch a reconstruction agency that will focus on projects such as a deep water port and a rail network, Iraqi President Barham Salih said on Tuesday. Saleh told an international conference in Rome that Iraq was planning to work with foreign entities, including sovereign wealth funds, on infrastructure projects in an effort to rebuild the country after years of war. President Barham Salih stressed the need to rebuild the political system in Iraq to restore confidence in the government, noting that Baghdad will launch a reconstruction agency through which international companies and funds will be invited to invest in projects to revive the Iraqi economy. Saleh said that "ending the crisis requires rebuilding the political system to restore confidence in the government," noting that "reform must be based on the Constitution and the civil state, in addition to the support of women and their rights, and ensure compliance with those rights." "The most important challenge is economic reform and the revival of Iraq's rich economy with resources and water as well as its geographical location, which can be a center of trade," he said. . "Corruption and mismanagement have turned Iraq into a parish state and this is not going to continue," Barham Saleh said. "Iraq has a population of 83 million, an increase of one million every year, and 70 percent of the population is under the age of 30." He pointed out that "Iraq suffers from the problem of unemployment, a social problem," stressing that "the new government has developed a reform program and economic restructuring plan and reform the public sector, and the launch of investment." He pointed out that "security and stability depend on the strengthening of infrastructure and links within Iraq and with the ocean," stressing that "this is very important to open channels with the neighborhood and the opening of employment opportunities." He concluded by saying that "Iraq will launch a reconstruction agency focusing on reconstruction projects," pointing out that "companies, funds and international institutions will be invited to invest in these projects, to help revive the Iraqi economy, and launch projects in Basra and rail projects in Baghdad Erbil and land reform p South. "