 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.

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Presentation transcript:

 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: $ 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  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 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