The Saudi Cabinet announced it will pledge $1 billion to support reconstruction projects in Iraq, Arab News reported Feb. 21. On Feb. 14, Kuwait, the European Union, the United States, Saudi Arabia, Qatar, the United Arab Emirates and Turkey pledged an estimated $30 billion to aid rebuilding efforts in Iraq . Iraq is dependent on external funding, after years of conflict fighting the Islamic State , and Arab Gulf states have displayed their willingness to assist in stabilizing the country.