The Devastation: Rebuilding a Ravaged Nation

U.S. firms lead in the drive to put Kuwait back together -- a task that will consume more time and money than did the pillaging it aims to repair

Now that the guns have fallen silent, the pounding of jackhammers will soon replace the din of war. At $200 billion or more over the next 10 years, the price of rebuilding ravaged Kuwait seems certain to dwarf the $50 billion or so that it took to liberate the oil-rich country. With that much money at stake, companies around the world began battles of their own long before the shooting war ended, fighting over contracts for everything from hospitals to refineries in one of history's largest reconstruction jobs. "This provides an almost unlimited backlog of good, profitable work," says John Dosher,...

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