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INVESTMENT IN IRAQ

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Investment opportunitiesDeferred payment contracts. Oil production. Gas ... Iraq is currently negotiating membership of ... banking and telecom industry ... – PowerPoint PPT presentation

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Title: INVESTMENT IN IRAQ


1
INVESTMENT IN IRAQ
  • Population 30 million
  • Land area 434,128 Km2
  • Two rivers
  • Tigris River, 1,850 km long,
  • originating from Turkey
  • The Euphrates, 2,350 km,
  • also springs from Turkey
  • Major resources
  • oil, natural gas, sulphur,
  • phosphate, iron, kaoline,
  • bauxite, limestone, gravel
  • and sand.
  •  

2
Craddle of civilisation
3
STRategic link EUROPE-MIDDLE East-asia
4
Religious centre-Holy shrines
5
Resources - Oil 80 billion
6
Resources - Agriculture 3 GDP
7
Resources tourism 20m pa
8
Resources trade 20 bn FAO portEurope Gulf
link
9
Iraq economy historical
perspective1968-1980 building up the army
10
Iraq economy historical perspective1980-1988
war with iran
11
Iraq economy historical perspective1988-1991
internal kuwait wars
12
Iraq economy historical perspective1991-2003
security council sanctions
13
Iraq economy historical perspective2003-2004
USA military occupation
14
Iraq economy historical perspective2004-2008
rise of terrorism
15
Iraq economy historical perspective2008-2011
build up security base end of usa
occupation
16
Iraq economy historical perspective2012
recovery
17
Investment environment
  • Economic activity resume with normal life
  • Security is improved incidents down to 10
  • Financial guarantees of investment established
  • Iraq is open for business foreign investment
  • Foreign businessmen travel safely all over Iraq
  • Iraq great wealth resources is better utilised
  • Plans to rebuild the entire infrastructures
  • Economy size 500-700 billion in 10 years
  • Government expenditure 30-40 billion per year

18
Investment opportunitiesDeferred payment
contracts
  • Oil production
  • Gas production
  • Electricity
  • Communication
  • Agriculture
  • Water Sewage
  • Transportation
  • Construction
  • Housing
  • Tourism
  • Health
  • Education

19
Strategic projects
  • Extraction of natural resources,
  • Development of archeological sites.
  • Telecommunications.
  • Mineral, petrochemical,medical industries
  • Engineering and vehicle manufacturing
  • Roads, seaports, airports and railways
  • Power projects more than 30 megawatts
  • Dams, reservoirs, and irrigation projects

20
Housing and Construction
  • Modernization of Iraq top five cities
  • Port facilities
  •  shopping Malls
  •  Industrial parks
  •  New universities
  •  Sports stadiums
  •  Municipal buildings
  • Modern office buildings
  • Convention centers
  •  Cultural recreation facilities
  • Two million housing units in 5-10 years

21
Iraqs Economy
  • 2012 budget estimated at 100 billion
  • 2010-2014 plan to spend 186 on infrastructure
  • GDP is on sustained growth of 7
  • The Paris Club written off 80 of Iraq's debt
  • Iraq is currently negotiating membership of The
    World Trade Organization (WTO)
  • Iraq has observer status in WTO since 2004

22
Key Economic Statistics
  • Per Capita Income 4,360 USD
  • GDP growth 7
  • Consumer Price Inflation 5 
  • Average Oil Production 3.0 M bpd
  • Average Oil Exports 2.3 M bpd
  • Proven Oil Reserves 115B Barrels
  • Proven Natural Gas Reserves 3.2T m3
  • Key Agricultural products Wheat, Barley, Rice,
    Vegetables, Dates, Cotton

23
Investors cases
  • Byblos Bank (Lebanon) private banking in
    Kurdistan
  • Lafarge Cements (France) two cement plants
    capacity of 5M tons per year. 2000 employees
  • Merchant Bridge (Lux) banking and telecom
    industry. Founded the Mansour Bank
  • Mesopotamia Oil and Gas (UK) joint venture with
    the Iraq Drilling Company
  • Orascom (Egypt) construction and telecom
    industry. Cement production, construction, and
    mobile telephony.
  • Zain (Kuwait) Largest telecom mobile carrier

24
Benefits of investing in iraq
  • Receive 10 years exemption from taxes.
  • Repatriate capital and profits
  • Employ foreign workers when needed.
  • Three years exemption from import fees
  • Guarantee not to nationalize or confiscate
  • flat tax of 15 on all income earned
  • Service of 7 state-owned and 7 private licensed
    banks

25
testimony
  • I was truly delighted that millions of Iraqi
    people exercised their right to vote in an
    environment free of violence, a remarkable
    achievement in a country that has known so much
    conflict in recent years. Iraq has come a long
    way in taking their own affairs in hand, this
    being the first Iraqi-led and Iraqi-owned
    electoral process. It is a tribute to the growing
    effectiveness of the Iraqi Security Forces, and
    testifies to the increasing stability in the
    country.
  • UN Secretary General Ban Ki-Moon
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