Transcript Slide 1
Population:
Land area:
30 million
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.
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
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