Iraq is in need of a full range of infrastructure related products, services and systems, including: hospital equipment and supplies, security products, building materials and equipment, electrical engineering and technology, lighting equipment, finishing products, hardware, tiles and stone, roofs material, road and rail machinery, oil production equipment and finance and telecom systems. Work on hundreds of major projects worth US$43.5 billion - pledged by the interim Iraqi government with funds from Iraq''s own oil revenues - is moving ahead.
Reconstruction contracts are no longer restricted to a number of countries. They are now being awarded and supervised by Iraqi ministries, a development that has encouraged suppliers and contractors from around the world to come forward and grab a share of the multibillion-dollar redevelopment process. It is estimated that over the next four years, Iraq''s new government will be spending more than US$150 billion on reconstruction of key sectors.