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Iraq, China Rebuilding 1000 Schools, 100’s of thousands of homes, new Universities after infrastructure destroyed by US Invasion. Trade between China and Iraq reached around $50 billion last year. China is the largest importer of Iraqi oil. Below excerpt reported by News Desk. (2024, January 4). China ‘actively involved’ in Iraq’s reconstruction. The Cradle 'In 2019, Iraq signed a 20-year contract, agreeing to supply Chinese firms with 100,000 barrels per day (bpd) of crude oil, with the revenue earmarked for funding various development projects in Iraq undertaken by Chinese firms.' 'Following the deal, Chinese firms built 1,000 schools, developed the Nasiriya city airport, erected power plants, and completed several other infrastructure projects.' 'China has accelerated its investment in Iraq and other West Asian nations as part of its Belt and Road Initiative (BRI), announced in 2013.' 'Last month, Iraq began work on 30,000 housing units near Baghdad as part of a $2 billion project in partnership with Chinese firms to build five new cities across Iraq.' 'Prime Minister Mohammad Shia al-Sudani seeks to build 250,000 to 300,000 housing units for poor and middle-class families. A new city on the outskirts of Baghdad will include universities, commercial centers, schools, and health centers and should be completed in four to five years.' 'Iraqi infrastructure suffered significantly during the US invasion of the country in 2003 and the several-year war that ensued.' To read full article, click here Photo by Media Office of the Iraqi Prime Minister Legal Disclaimer: INFYNIT is providing the content here for educational purposes only. All opinions are of the original author and not an opinion of INFYNIT or any of its affiliates. #GlobalNews #Iraq #China #Supply #Construction #Housing #Rebuild #USInvasion