 Population: 30 million  Land area: 434,128 Km 2 • •  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.

        

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

     

Oil production Gas production Electricity Communication Agriculture Water & Sewage

     

Transportation Construction Housing Tourism Health Education

 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



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



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



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 m 3



Key Agricultural products: Wheat, Barley, Rice, Vegetables, Dates, Cotton

 

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



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

“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