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International companies looking to be present in the Iraqi market


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http://www.alsabaah.iq/ArticleShow.aspx?ID=159833....

International companies looking to be present in the Iraqi market

   
 

 
 

10/7/2018 12:00 am 
 
Because it is a promising and influential regional and international  
Baghdad / morning 
represent the Iraqi market , the focus of great interest to the various international companies that monitor closely the economic reality of Iraq, where the global effort of opportunities just waiting to enter the broad field of employment in the country. 

A member of the Baghdad Economic Forum Jassim Al-Aradi stressed that "Iraq is a promising and large job market in the region and the world, and all the regional companies of the world recognize the importance of Iraq on the international arena, and he began to exist on the field of work, in the field of privatization," noting "friction with the global effort continuously Made us point out the interest of those companies in Iraq  
and its economy. " 
He added that "the concerned parties have to do the reality of investment and create the appropriate environment for the arrival of large companies and create real competition between the Iraqi effort, where competition leads to the development of the reality of the qualitative implementation of the total domestic projects," pointing out that "the entry of service companies to the country, including taxi and work mechanisms Sophisticated will do transport services and transfer to a better stage, where the beneficiary goes to the company that offers the most suitable for the standard of living. 
"Iraq is a long-standing country with its rich local heritage and strategic importance in the region," said Karim Sheikha, CEO and co-founder of Karim. 
Their families. "  
He continued , " we seek through our presence and our presence in the Iraqi market through investment and the introduction of solutions and services, so as to achieve our vision of making a quantum leap in the transport and contributing sector on the other hand in the reconstruction of Iraq to be able to return to the outdated former as one of the leading countries the 
 region. " 
He added that the company "introduced new mobility solutions, but enhanced them with various payment options made easy for users such as cash payment, credit card, or using the company's credit, and the adoption of the latest technologies and systems such as GPS, which ensures the accuracy of access to the user Track the track The selected time in the original time.
 
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Businessman Karim Sheikha, CEO and co-founder of Karima "QUANTUM LEAP in the transport and contributing sector on the other hand in the reconstruction of Iraq to be able to RETURN to the outdated former as one of the LEADING countries the 
region"  

 

A leap of good faith.

So we shall see Iraq Cbi action to maintained that environment💰😎💪

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ECONOMIC GROWTH DRIVEN BY OIL & GAS AND NON-OIL INDUSTRIES ATTRACT INVESTMENT BLOOM IN IRAQ, SAYS FROST & SULLIVAN
Dubai, United Arab Emirates, July 9, 2018
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The government of Iraq is committed to implementing a stable macroeconomic framework driven by significant growth potential in the oil and gas sector as well as non-oil industries. A potential leader in emerging markets, Iraq offers unlimited investment opportunities and requires over USD 30 billion of foreign direct investment (FDI) per annum.
After three years under combat operations, the end of Iraq’s war against the Islamic State (ISIS) encourages the country’s reconstruction and economic reformation. As a result of healthy foreign international reserves, limited restrictions on cross-border fund transfers as well as an attractive legal framework that provides greater protection and incentives for foreign investors, investments in the country is expected to generate the highest rate of returns. In 2018, governments from over 76 countries, global funds, organisations and investors pledged USD 30 billion in loans and investment to rebuild Iraq.
For more information on Frost & Sullivan’s recent study – Iraq’s Untapped Opportunities; Path to Investment Boom and to access the info graphics, click here.
Apart from FDI, primary opportunity areas for global companies also include technology upgrades and manufacturing process improvement across all industries. Most industries operate on obsolete or old technologies as wars and earlier sanctions prevented access to latest technologies. Therefore, Iraqi companies seek to partner with global companies to benefit from their best practices in manufacturing processes.
“As a national development plan, Iraq aims to boost the economy through privatisation and development of oil & gas as well as minerals along the value chain. The plan is to not only privatise existing state-owned enterprises but also support SMEs with tax holidays and financial incentives. All in all, FDI inflow is expected to help the Iraqi Government to achieve the target within the next five years,” said Mr. Ali Mirmohammad, Senior Consultant & Business Development Manager at Frost & Sullivan.
Mineral Oil, Natural Gas and Phosphate Deposits are among the top natural resources in Iraq that call for huge investment opportunities along the value chain. Huge volumes of mineral reserves remain untapped. This provides enormous opportunities for excavation and extraction of minerals. Opportunities are thus significant for mineral extraction companies, equipment suppliers as well as downstream investors.
Lucrative prospects are likely present for private investors, especially in the sectors that are currently in dire need of re-building and development such as banking, minerals, renewable energies, telecommunications, landfills, e-Commerce, recycling, water and sanitation, food and tourism.
“Enabled by the prospect of greater stability and security, Iraq has listed a total of over 212 projects ready for investment across more than 10 sectors. Of these sectors, oil and refineries is the most promising sector for investors followed by industrial and manufacturing, infrastructure, health and education, energy and agriculture sector,” added Mirmohammad.
To attract foreign investors, the Iraqi Government has offered a list of guarantees and privileges including tax holidays for 10 years (extendable to 15 years in some cases), the right of ownership and protection against seizure or nationalisation of the investment project, the right to deal on the Iraq Stock Exchange (ISX), rent or lease lands needed for the project for the term of the investment project, the right to repatriate the capital brought into Iraq and many more.
With a population of nearly 40 million, Iraq is also emerging as one of top consumer markets in the Middle East that primarily depends on imports. Frost & Sullivan’s recent study, Iraq’s Untapped Opportunities; Path to Investment Boom, highlights the growth potential in the following markets from 2018 to 2022 – Grains, Food & Beverages (8-10% CAGR), Pharmaceuticals (10-12% CAGR), Beauty and Personal Care (8-10% CAGR), Furniture and Homewares (5-6% CAGR), Footwear, Textile and Apparel (5-6% CAGR), Medical Devices (18-20% CAGR), Consumer Electronics (7-8% CAGR) and Plastic Products (9-10% CAGR).
Iraq plans to focus on the Oil & Gas value chain, downstream value chain, Minerals value chain, and tourism and financial services to move the GDP growth rate by 6% annually in the next 8 years. Hence, with a population of over 39 million people as of 2018, Iraq remains an attractive consumer market with potential of over USD 40 billion.
About Frost & Sullivan
For over five decades, Frost & Sullivan has become world-renowned for its role in helping investors, corporate leaders and governments navigate economic changes and identify disruptive technologies, Mega Trends, new business models and companies to action, resulting in a continuous flow of growth opportunities to drive future success. Contact us: Start the discussion
Twitter: @Frost_Sullivan & @Frost_MENASA
Facebook: https://www.facebook.com/frostandsullivan
LinkedIn: https://www.linkedin.com/showcase/frost-&-sullivan-–-middle-east-north-africa-south-asia/


http://iraqdailyjournal.com/story-z17434367
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16 minutes ago, dinareffic said:

To attract foreign investors, the Iraqi Government has offered a list of guarantees and privileges including tax holidays for 10 years (extendable to 15 years in some cases)

GM dinareffic AND DV. 

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4 hours ago, dinareffic said:

chain. Huge volumes of mineral reserves remain untapped. This provides enormous opportunities for excavation and extraction of minerals. Opportunities are thus significant for mineral extraction companies, equipment suppliers as well as downstream investors.
Lucrative prospects are likely present for private investors, especially in the sectors that are currently in dire need of re-building and development such as banking, minerals, renewable energies, telecommunications, landfills, e-Commerce, recycling, water and sanitation, food and tourism.
“Enabled by the prospect of greater stability and security, Iraq has listed a total of over 212 projects ready for investment across more than 10 sectors. Of these sectors, oil and refineries is the most promising sector for investors followed by industrial and manufacturing, infrastructure, health and education, energy and agriculture sector,” added Mirmohammad.
To attract foreign investors, the Iraqi Government has offered a list of guarantees and privileges including tax holidays for 10 years (extendable to 15 years in some cases), the right of ownership and protection against seizure or nationalisation of the investment project, the right to deal on the Iraq Stock Exchange (ISX), rent or lease lands needed for the project for the term of the investment project, the right to repatriate the capital brought into Iraq and many more.
With a population of nearly 40 million, Iraq is also emerging as one of top consumer markets in the Middle East that primarily depends on imports. Frost & Sullivan’s recent study, Iraq’s Untapped Opportunities; Path to Investment Boom, highlights the growth potential in the following markets from 2018 to 2022 – Grains, Food & Beverages (8-10% CAGR), Pharmaceuticals (10-12% CAGR), Beauty and Personal Care (8-10% CAGR), Furniture and Homewares (5-6% CAGR), Footwear, Textile and Apparel (5-6% CAGR), Medical Devices (18-20% CAGR), Consumer Electronics (7-8% CAGR) and Plastic Products (9-10% CAGR).

I’ve been waiting a long time to hear this type of good news. This is the only way to achieve true economic security and insures us that we are indeed on the road to an RV. Imo. A lot of things are being quietly achieved in the background that we don’t hear about until after the fact. Hopefully before long, (no 4 letter word beginning with s from me 😄) we will awaken as wealthy people as will they. I’ve read in the past that if Iraq was truly developed, their natural resources would make them as wealthy as Dubai.  

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