maybe not wealthiest country in the world (Hyperbole anyone?) but The Iraqis are still fairly westernized, they have a bountiful resource that is very valuable and they could also develop into a country for ex-pats and other workers of that type to help them build and run things.
Iraq has the ability to rebuild and become a very rich nation the question is WILL Iraq do it? Time will tell.
However, Iraq might become the epicenter of the world if there is a electronic hub built there.
Then all of the data traffic, commerce, trade and transactions that passed through there would create it on a large scale the worlds most important area.