Upload
alfred-morrison
View
214
Download
0
Embed Size (px)
Citation preview
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