Dr. Fa’ik Ali Abed-Elrasoul, a deputy at the Iraqi ministry of planning said that the increase in investments may lead to general growth of about 17 percent in 2005, 15 percent in 2006 and 6 percent in 2007. The deputy expects that income per capita to raise form US$780 per year in 2004 to US$1156 in 2007.
Abed-Elrasoul, according to Alitihad newspaper, added that the World Bank and the UN estimated the cost of rebuilding Iraq at us$36 billion until 2007. In this regard, he expressed his optimism and said that Iraq is on the right way for economic revival.
