KUWAIT CITY, Jan. 8 (Xinhua) -- Kuwait unswervingly supports Iraqi reconstruction to ensure security in the region, said Kuwaiti Deputy Foreign Minister Khaled Al-Jarallah on Monday.
He made the remarks at a press conference held on Monday to promulgate the details of the "Kuwait International Conference for Reconstruction of Iraq."
The senior diplomat said that Kuwait's unwavering support for Iraq stems from the fact that stability in its Gulf neighbor is key to ensure security in the region.
He congratulated the Iraqi military on its decisive victory over the Islamic State (IS), saying that it was both a humanitarian and a moral obligation to stand by the Iraqi people.
Pointing out that the conference will come under close scrutiny by the international community, he said that the private sector would join efforts to rebuild the nation battered by war.
The Chief of Staff in the Iraqi Prime Minister's office Mahdi Alalak at the press conference said that the forthcoming conference will provide lucrative investment opportunities, which will be announced in due course.
Alalak added that his war-torn country is in need of no less than 100 billion U.S. dollars to revive the its residential sector, which bore the brunt of the war.
The "Kuwait International Conference for Reconstruction of Iraq" will be held on Feb. 12-14 in Kuwait.
