Iraq has allocated $100 billion over three years for infrastructure projects, Prime Minister Mohammed Shiaya al-Sudani said on the sidelines of the Iraq-Spain Economic Forum.

In the statement published by the Iraqi News Agency (INA), al-Sudani also noted that the country “has a safe and attractive environment for investment, and foreign investment has reached about $62 billion”, without specifying the time frame.

Iraq is trying to attract investors to rebuild an economy devastated by the war against ISIS. Iraq needs more than $88.2 billion to carry out reconstruction projects in the country, according to previous statements by the Iraqi Ministry of Planning.