IRAQ IS BACK IN BUSINESS, ACCORDING TO WYNDHAM GROUP

[Wiljor]

 

Iraq, August 18, 2016 

Foreign Direct Investment (FDI) is rising again in Iraq, The Wall Street Journal reports. The piece notes General Electric’s billion dollar contract in January, which is of course government spending, to highlight how multi-nationals are increasingly confident as the self declared Islamic State begins to collapse.

The piece also notes how FDI is projected at $4 billion for 2016, lower than the $4.8 billion in 2014 when IS captured much of northern Iraq, but encouraging. Much of this FDI is from oil, since BP, Lukoil and a number of other oil majors suggested they would up investment this year, after slashed capex saw production in some southern fields decline.

Loans, from the IMF and the International Finance Corporation, reaching up to $20 billion by the end of the decade, should assuage IOC concerns and keep oil output increasing over the next few years, despite problems with water injection in the supergiant fields of the south.

But the most interesting piece of information reported was that the Wyndham Hotel Group will be building two new hotels in Najaf before 2018, a secure southern town that sees huge influxes of religious pilgrims.

 

http://iraqdailyjournal.com/story-z13745826

[ChuckFinley]

Well that is interesting.  Wyndham Hotel Groups, building two hotels by 2018. Think they are not read in on the positive future of Iraq.  

[sandfly]

Every thing is coming together 

[fancy]

Wow this is great news, Iraq will emerge and modernize.  Big business knows there is potential here and so do other countries.

[new york kevin]

15 hours ago, ChuckFinley said:

Well that is interesting.  Wyndham Hotel Groups, building two hotels by 2018. Think they are not read in on the positive future of Iraq.  

 

52 minutes ago, fancy said:

 Wow this is great news, Iraq will emerge and modernize.  Big business knows there is potential here and so do other countries.

This is most encouraging news in a season of UN-seasoned news. Thx.

[10 YEARS LATER]

Good find Wiljor ! Encouraging stuff . . . RV your currency and YOU really will be Back in Business, huh.

[davis411]

17 hours ago, ChuckFinley said:

Well that is interesting.  Wyndham Hotel Groups, building two hotels by 2018. Think they are not read in on the positive future of Iraq.  

rv and i will stay in the penthouse suite for a month,

in Florida or some where like that

[Laid Back]

13 hours ago, sandfly said:

Every thing is coming together 

Totally agree with you Brother sandfly.

We are getting close to see a new monetary policy

[Freedomwish]

Sounds like my timeshare has gotten that much better!! 

[SnowGlobe7]

4 hours ago, davis411 said:

rv and i will stay in the penthouse suite for a month,

in Florida or some where like that

I believe you can stay with Sarges gals for a month and let them harass ya now before an RV!!

[davis411]

1 hour ago, SnowGlobe7 said:

I believe you can stay with Sarges gals for a month and let them harass ya now before an RV!!

ok i am there

[skeetdog]

Thanks Wiljor...Nice fine my friend...GE has some High-Dollar (Dinar) return potential in expanding Iraq's future growth....As in the Tom Petty song...The future's ''While Open''... 

[chess]

My AAA said it will be a 5 Star.......20% advance discount is on the books!...........................camel parking included!

[ChuckFinley]

9 hours ago, new york kevin said:

 

This is most encouraging news in a season of UN-seasoned news. Thx.

I agree big time here.  Great to see someone other than the GOI or us.