The Future of Iraq
18.03.2021
Willkommen! Welcome!
!هلا وسهلا Bi xêr hatî!
Herwig Neuper
Wirtschaftsdelegierter für den Irak
Commercial Counsellor for Iraq
AGENDA
• Welcome
• Opening Remarks by H.E. Baker Fattah Hussen, Iraqi Ambassador to Austria
• Bilateral facts Austria - Iraq
• Introduction of the speakers
• 1st round of presentations of company representatives
• 2nd round of discussion with company representatives
• Questions & Answers
The Future or Iraq
OPENING REMARKS
H.E. Baker Fattah Hussen,
Iraqi Ambassador to Austria
The Future or Iraq
A few facts about Iraq
• Population: 40.2 Mio
• Impact of Corona Virus
• Real GDP growth: 2020: -11.2%
2021-2023: 1-4%
• Exports: 98,1% Oil and Gas
• Diversification and Reforms needed
The Future of Iraq
Source: The Economist Intelligence Unit Source: The Economist Intelligence Unit
Source: The National
Austria - Iraq
• Potential: Project Business, Consulting- and Engineering, Mining, Cyber-Security,
Consumer Goods
• Exports to Iraq 2020: EUR 61.8 Mio (-15%)
• Imports from Iraq 2020: EUR 216.5 Mio (-52,1%)
© Woerle © Red Bull © theguardian © MED-EL
The Future or Iraq
Who would have thought?
© Doppelmayr© Jehan Hashim© Enno Lenze
The Future or Iraq
Speakers
• Mr. Rawas Ibrahim, CEO, Green Eastland
• Mr. Rami Kawar, Managing Director, Mondi Kaso Iraq
• Mr. Musab Alkateeb, Managing Director, Siemens Energy Iraq
Rawas Ibrahim CEO, Green Eastland
From the Seed to the Fork
Rawas Ibrahim, [email protected]
Erbil Food Distribution Center
• 500.000 m2
• over 380 shops
• over 200 cold storages
• Main storage of biggest supremarket
chain of Iraq, TeamMart
• High-tech greenhouses – 750.000 m2
• World Horti Center
Rami KawarManaging Director, Mondi Kaso Iraq
Largest local paper bags producer serving the Iraqi cement industry
Mondi Kaso Iraq Subsidiary of Mondi Austria Operational in Iraq since 2012
Kurdistan Region, North Iraq
Sulaymaniyah City
State of the art paper bag lines
Vision is to serve
other building materials and the food industries
Delivering High Quality bags to all cement plants in Iraq
5 nationalities
63% local employees
Winner of the 2018
Mondi Diamond Award
“Operational Excellence Category”
Work Safe. Home SafeEverybody, everyday
Mondi Kaso Iraq12
26,000
Employees worldwide
Mondi is a global leader in packaging and paper
2.4 m Hectares of managed
forests
Premium listing on London Stock Exchange & Secondary listing on
the JSE Limited
Group offices in Johannesburg, London
and Vienna
Sustainable by design
More than 100,000 solutions for our
customers
Over 100 operations in more than 30 countries
#1 Kraft paper producer globally
#1 Paper bag producer in Europe and a global leader
#3 Consumer flexible packaging producer in Europe
Mondi Kaso Iraq13
Mondi Action Plan 2030 (MAP2030)
Our actions towards meeting our ambitious
2030 Sustainability Goals
We believe that by focusing on : -
circular driven solutions,innovative solutions keeping materials in
circulation and preventing waste
created by empowered people, empowered team contributing to a better world
taking action on climateclimate resilience for the future of the planet
we will have the most positive impact.
https://youtu.be/yc_IEAHV0Iw
AGENDA
Musab AlkateebManaging Director, Siemens Energy Iraq
Siemens Energy is a registered trademark licensed by Siemens AG. © Siemens Energy, 2021
Austrian Federal Economic ChamberMusab Alkateeb,
Managing Director, Siemens Energy, Iraq
March 2021
Siemens Energy is a registered trademark licensed by Siemens AG.
Energy systems have to meet societal needs for sustainability, availability and affordability.
© Siemens Energy, 2021Siemens Energy is a registered trademark licensed by Siemens AG.
At the same time, we expect a …
>50% increase in global electricity generation by 2040
And still …
770 million peopleare living without access to electricity
Source: IEA WEO 2020 IEA report from October 2020 | https://www.iea.org/reports/sdg7-data-and-projections/access-to-electricity
Siemens Energy is a registered trademark licensed by Siemens AG.
© Siemens Energy, 2021Siemens Energy is a registered trademark licensed by Siemens AG.
This is where we
come in.
Same question in Iraq:
How can we meet the growing demand for
electricity, while protecting our climate?
Siemens Energy is a registered trademark licensed by Siemens AG.
© Siemens Energy, 2021Siemens Energy is a registered trademark licensed by Siemens AG.
Reducing CO2 footprint
and energy consumption in
industrial processes
Transport
of electricity
and storage
Low- or
zero-emission power
generation
© Siemens Energy, 2021Siemens Energy is a registered trademark licensed by Siemens AG.
Iraq Roadmap
To deliver reliable electricity to
40 million Iraqis
ENERGY
Committed to increase power capacity by
11GW
To deliver future vocational education and training for
1,000 Iraqis
Committed to provide healthcare in off-grid areas for
15,000 patients per year
FUEL
EDUCATION
SERVING SOCIETY
Siemens Energy is a registered trademark licensed by Siemens AG. © Siemens Energy, 2021
Thank you! We #WeEnergizeSociety
Rawas Ibrahim CEO, Green Eastland
Durch das wilde Kurdistan
Rawas Ibrahim, [email protected]
• Security
• More than one might imagine
• Relatively safe and stable
• Mentality
• Open minded
• Very welcoming
• Strong will
• Opportunity
• Longterm and sustainable investments
• Manufacturing & Production
Rami KawarManaging Director, Mondi Kaso Iraq
Mondi Kaso Iraq25
Economic Outlook
● Iraq has the second oil reserves in the world making its economy a lucrative opportunity for investors
● Iraq Economy shrank 11.7% in Q3+Q4 2020 due to drop in oil prices & COVID-19 restrictions
● The economy is expected to return to growth as the energy sector recovers at an estimated rate of 4.2% in 2021 and
4.7% in 2022
Iraq Economy - GDP, Inflation, CPI and Interest Rate (focus-economics.com)
Large Scale Projects in Iraq
● Reconstruction and rehabilitation projects
● Around 3 million housing units are required over the next 10 years (population 40+ m)
● Mosul reconstruction project expected to continue through 2028
Invest in Iraq
Mondi Kaso Iraq26
Investment Opportunities
Iraq is undergoing a massive reconstruction boom due to rehabilitation of the liberated cities
Growth is expected in the following areas
Invest in Iraq
Crude oil production
Refinery capacities
Cement industry
Infrastructure projects
Public services
Banking services
Mondi Kaso Iraq27
Do’s
1. Benefit out of the investment promotion regulations issued by
‒ The National Investment Commission – Federal Government of Iraq
‒ The Board of Investment in KRG - Kurdistan Region Government
2. Consult with a reputable legal firm for a reliable and effective advice and assistance
Don’ts
1. Do not ignore the nearby local communities
2. Do not miss out on developing and training local talents
When investing in Iraq
Tips & Tricks
Thank you!
Q & A
The Future or Iraq
Thank you for joining!
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