INVESTMENT IN IRAQPopulation: 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. 

CRADDLE OF CIVILISATION

STRATEGIC LINK EUROPE-MIDDLE EAST-ASIA

RELIGIOUS CENTRE-HOLY SHRINES

RESOURCES - OIL $80 BILLION

RESOURCES - AGRICULTURE 3% GDP

RESOURCES – TOURISM 20M PA

RESOURCES – TRADE 20 $BN FAO PORTEUROPE – GULF LINK

IRAQ ECONOMY – HISTORICAL PERSPECTIVE

1968-1980 – BUILDING UP THE ARMY

IRAQ ECONOMY – HISTORICAL PERSPECTIVE

1980-1988 – WAR WITH IRAN

IRAQ ECONOMY – HISTORICAL PERSPECTIVE

1988-1991 – INTERNAL & KUWAIT WARS

IRAQ ECONOMY – HISTORICAL PERSPECTIVE

1991-2003 – SECURITY COUNCIL SANCTIONS

IRAQ ECONOMY – HISTORICAL PERSPECTIVE

2003-2004 – USA MILITARY OCCUPATION

IRAQ ECONOMY – HISTORICAL PERSPECTIVE

2004-2008 – RISE OF TERRORISM

IRAQ ECONOMY – HISTORICAL PERSPECTIVE

2008-2011 BUILD UP SECURITY BASE

END OF USA OCCUPATION

IRAQ ECONOMY – HISTORICAL PERSPECTIVE

2012 + RECOVERY

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

INVESTMENT OPPORTUNITIESDEFERRED PAYMENT CONTRACTS

Oil production Gas production

Electricity Communication

Agriculture Water & Sewage

Transportation

Construction Housing Tourism Health Education

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

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

IRAQ’S 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

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

INVESTOR’S 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

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

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