Transcript Slide 1

Population:
 Land area:
30 million
434,128 Km2
Two rivers:
• Tigris River,
•
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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.
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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
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Transportation
 Construction
 Housing
 Tourism
 Health
 Education
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 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
 Port
of Iraq top five cities
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 m3
 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 Iraqiowned 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