The three-day KICRI is due to kick off on Monday, which will bring together several economically powerful countries, as well as regional and worldwide organizations on contributions to rebuild Iraq after many years of war and conflicts.
It will take about $22 billion in the short term and $65 billion in the medium term to rebuild Iraq, the Director-General of the country's Planning Ministry, Qusay Abdulfattah, told participants of the International Conference for the Reconstruction of Iraq in Kuwait on Monday.
The conference, organized by the Kuwait-based International Islamic Charitable Organization comes in parallel with KICRI, also kicking off February 12.
Iraq also plans oil storage facilities in the provinces Basra, Mosul, and Saladin.
Millions of people were displaced, in particular in the Sunni north, as a result of the battles and thousands were killed.
Around 70 humanitarian organizations, including 25 from Iraq and 15 from Kuwait, will partake in the conference.
One of them, a supplier of telecommunications equipment, told the conference he had been waiting six months to get a $5mn payment for work done for the Iraqi government.
Kuwait City:The upcoming Kuwait International Conference for the Reconstruction of Iraq (KICRI) will provide lucrative investment opportunities for participating companies, a Kuwaiti official said on Sunday.
Iraq reopened to foreign investment in 2003 after the US-led invasion that toppled Saddam Hussein, but the vast majority of the billions of dollars invested went to increasing its oil and natural gas production.