out what part they might play in the reconstruction of iraq. the government is offering projects in almost every sector of the economy including its oil industry . zeman c.e.o. joe kayser told you his company is rebuilding four power plants he said securing availability of electricity is probably iraq s biggest challenge right now we know that the grade is under tremendous stress. and the us secretary of state rex tillerson announced a three billion dollar loan from ex-im bank to help the country rebuild. the funds that we ve announced that we ve already committed and that we announced today there were are committing our all around stabilization in iraq and syria this is the first step that then provide the conditions for reconstruction. we have to restore those basic utilities and keep the area safe and secure in order for reconstruction
generation distribution that was already mentioned in your report we have the proverbial german engineering we offered specialized machinery and material for construction work or also another very important sector that has come from a suitable for use with young companies also already very active now iraq is also looking for investment in order to prop up its oil industry is that something germany or europe as a whole should be interested in. well in terms of oil industry i think there s no major german investments to be expected in this future german companies come rather in suppliers offering pumps for ng metering. devices specialized gear but there are now as an other sectors of course investment projects some in west new projects by german companies some have been actually
to be again the conference is taking place just two months after iraq declared victory over the so-called islamic state it s an achievement the government is hoping will convince international businesses that now is the time to invest in the country s future. earlier in the day tillerson laid a wreath at a gulf war memorial a reminder of just one conflict iraq is hoping to leave behind as it braces itself for what it hopes will be a more prosperous future. and for more on the iraqi donor conference i m joined by felix nygaard c.e.o. of the german chamber of commerce in the gulf states he joins us in kuwait good to have you with us and when we see those images of devastation in iraq it is very hard to imagine that those broken cities could ever be rebuilt again certainly not in the future you will that what hope do you have for iraq. well i participated yesterday in the business day in the frame of this iraq
which needs to be made easier. and obviously there s also the security situation which has improved greatly over the last couple of years but it s still an issue for many german companies so the iraqi government in the framework of this conference has promised number of really important reforms in various fields and will be will be very glad to these three to the. implemented in the next couple of weeks and months. i get their c.e.o. good german chamber of commerce in the gulf states talking to us from kuwait thank you so much. thank you well now to a quite incredible story the ups and downs we re witnessing here in the german political landscape more downs at the moment. germany s second biggest political party the social democrats are in chaos shortly head of a crucial vote on a new coalition deal with conservatives party chair martin scholtz has resigned in a bid to ease tensions but his plans to install andrea nala says the new chair hit
a lot of money for iraq for iraq war torn iraq of course brian now iraq says it is open for investors that at least is the message officials are pushing an international donor conference currently underway in kuwait iraq is hoping to lure a major investment from its allies aimed at reconstructing the country after decades of conflict the united states has already pledged a loan worth three billion dollars from ex-im bank but that is only a fraction of what s needed numerous iraqi cities were reduced to rubble in the war against islamic states and it will take time and lots of money to breathe life back into iraq. rebuilding a country doesn t exactly come cheap iraq estimates the cost at close to ninety billion dollars. and wiis are some of the people the iraqi government is hoping to woo high ranking officials from the worlds of politics and business here to find