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From War, to Reconstruction and Economic Recovery
17-Sep-2018
South Asia, Middle East & North Africa
Market Research
9AB4-00-21-00-00
CI00570-SA-MR_22311
After three years under combat operations, the end of Iraq’s war against the Islamic State (ISIS) encourages the country’s reconstructionand economic reformation. As a result of healthy foreign international reserves, limited restrictions on cross-border fund transfers as well as an attractive legal framework that provides greater protection and incentives for foreign investors, investments in the country is expected to generate the highest rate of returns.
Apart from FDI, primary opportunity areas for global companies also include technology upgrades and manufacturing process improvement across all industries. Most industries operate on obsolete or old technologies as wars and earlier sanctions prevented access to latest technologies.
As a national development plan, Iraq aims to boost the economy through privatisation and development of oil & gas as well as minerals along the value chain. The plan is to not only privatise existing state-owned enterprises but also support SMEs with tax holidays and financial incentives. All in all, FDI inflow is expected to help the Iraqi Government to achieve the target within the next five years.
Enabled by the prospect of greater stability and security, Iraq has listed a total of over 212 projects ready for investment across more than 10 sectors. Of these sectors, oil and refineries is the most promising sector for investors followed by industrial and manufacturing, infrastructure, health and education, energy and agriculture sector.
With a population of nearly 40 million, Iraq is also emerging as one of top consumer markets in the Middle East that primarily depends on imports. Frost & Sullivan’s recent study, Iraq’s Untapped Opportunities; Path to Investment Boom, highlights the growth potential in the following markets from 2018 to 2022 – Grains, Food & Beverages (8-10% CAGR), Pharmaceuticals (10-12% CAGR), Beauty and Personal Care (8-10% CAGR), Furniture and Homewares (5-6% CAGR), Footwear, Textile and Apparel (5-6% CAGR), Medical Devices (18-20% CAGR), Consumer Electronics (7-8% CAGR) and Plastic Products (9-10% CAGR).
Iraq plans to focus on the Oil & Gas value chain, downstream value chain, Minerals value chain, and tourism and financial services to move the GDP growth rate by 6% annually in the next 8 years. Hence, with a population of over 39 million people as of 2018, Iraq remains an attractive consumer market with potential of over USD 40 billion.
Iraq – A Brief Country Profile
Resurgence of a Nation Battered by Wars and Conflicts – Iraq, a Nation in Rebuilding!
Economy Heavily Reliant on Oil; Stabilization the Key Word in Years Ahead!
Country’s Business Attractiveness to Increase with Marginal Improvements
Rebuilding Process Needs to Address Key Business Challenges
Despite Challenges, Factors Aplenty Make Iraq an Attractive Investment Destination
Opportunities in post-ISIS Iraq
Redevelopment Plans Call for Large Investments in Construction and Infrastructure
Among the World’s Largest Oil Reserves, Immense Value Chain Opportunities Exist in Iraq; Huge Energy Demand-Supply Gap Needs Redressal
Battered Transportation Infrastructure and Underdeveloped Healthcare Ecosystem Provide Opportunities for Investment and Growth
Advancement of Telecom Infrastructure and Efficiency Enhancement Measures to Drive Telecom Investment Requirements
3 Primary Opportunity Areas for Global Companies
Potential Consumer Market Opportunities
General Overview – Geography
Demographic Trends – Population and its Structure
Demography and Prosperity Indices
Demographic Trends – Working Population
Demographic Trends – Labour Market
Demographic Trends – Poverty
Demographic Trends – Workforce Regulations
Macroeconomic Overview
Economic Scenario – The Constituents of the Economy
The Impact of Military Conflict and Sanctions to the Iraqi Economy
The ISIS Situation in Iraq
A Nation in Rebuilding – Foreign Support for Iraq
PESTLE Analysis — An Overview
PESTLE Analysis — Key Factors
PESTLE Analysis — Key Factors (continued)
Industry – Select Indicators
Shareholder Rights
Industry Supportive Actions and Policies
Trade and Investment Environment
Trade and Investment Environment (continued)
Iraq Merchandise Trade Profile 2017
Global Alliance to Rebuild Iraq, Expected to Improve FDI Indicators Over the Next 5 Years
Ease of Doing Business – Starting a Business and Permits
Ease of Doing Business – Electricity, Property and Credit
Ease of Doing Business – Investors and Contracts
Ease of Doing Business – Taxes and Trading Across Border
Ease of Doing Business – Insolvency
Taxes and Duty Structure – Income Tax
Taxes and Duty Structure – Property Tax, Sales Tax, VAT
Taxes and Duty Structure – Custom Tariffs
Tax in Kurdistan Region
Tax and Customs Incentives and Exemptions
Challenges to Businesses in Iraq
Despite Challenges, Factors Aplenty Make Iraq an Attractive Investment Destination
Creation of Investment Zones to Channelise Investment Inflow
Iraq Free Zones
Iraq Free Zones (continued)
Guarantees and Privileges for Foreign Investment
Guarantees and Privileges for Foreign Investment (continued)
Emergence of Private Sector to Boost Development Plans
Banking Sector Overview
Banking Sector Overview (continued)
Oil & Gas Sector Overview
Oil and Gas Reserves
Oil and Gas Reserves (continued)
Oil and Gas Reserves (continued)
Refining Capacity in Iraq
Oil & Gas Sector Historic Profile and Recent Developments
Petrochemical Industry Overview in Iraq
Fertilizer Industry Overview in Iraq
Oil & Gas Sector – Summary of Shell’s Projects in Iraq
Oil & Gas Sector – Snapshot of Proposed Projects
Oil & Gas Sector – Developments on the Iraq Flares
Oil & Gas Sector – Key Opportunities and Investment Avenues
International Oil and Gas Companies in Iraq
Energy Sector Overview
Energy Sector Historic Profile and Recent Developments
Energy Sector – Proposed Plans and Key Opportunities
Energy Sector – Investment Opportunities
Energy Sector – Available Investment Opportunities
Minerals Sector Overview
Minerals Sector – Mapping of Available Resources
Minerals Sector – Mapping of Available Resources (continued)
Minerals Sector – Proposed Plans and Key Opportunities
Minerals Sector – Investment Opportunities
Industrial Sector Overview
Industrial Sector – Profile of State-Owned Enterprises (SOEs)
Industrial Sector – Profile of Private Sector
Industrial Sector – Profile of State-Owned Enterprises (SOEs)
Cement Industry Overview
Steel Industry Overview
Automotive Industry Overview
Automotive Industry Profile and Key Statistics
Automotive Industry – Future Opportunities and Proposed Plans
Agriculture & Food Sector – Overview
Agriculture & Food Sector – Overview (continued)
Agriculture Sector – Production Trends and Import Patterns
Farm Animal Rearing and Poultry Sector – Trends and Overview
Dairy and Meat Sector – Trends and Overview
Packaged Food and FMCG Sector
Agriculture and Food Sector – Outlook
Housing & Infrastructure Sector – Overview
Housing and Infrastructure Sectors – Investment Opportunities
Education Sector – Overview
Healthcare Sector Overview
Healthcare Sector Profile
Water Supply & Sanitation Sector Overview
Water Supply and Sanitation Sector Challenges
Government Strategy for Water Supply and Sanitation Sector
Iraq Water Treatment Industry Overview
Iraq Water Treatment Industry Plans and Projects
Telecommunication Sector Overview
Oil & Gas Opportunities
Oil & Gas Opportunities (continued)
Electricity Opportunities
Electricity Opportunities (continued)
Renewable Energy Opportunities
Telecommunication Opportunities
Healthcare Opportunities
Healthcare Opportunities (continued)
Healthcare Opportunities (continued)
Environment Sector Opportunities
Housing Sector Opportunities
Available Investment Opportunities in the Housing Sector
Available Investment Opportunities in the Housing Sector (continued)
Available Investment Opportunities in the Housing Sector (continued)
Available Investment Opportunities in the Housing Sector (continued)
Opportunities in Rail Sector
Opportunities in Transportation Sector, other than Rail
Opportunities in Industry and Minerals Sector
Opportunities in Industry and Minerals Sector (continued)
Opportunities in Industry and Minerals Sector (continued)
Opportunities in Industry and Minerals Sector (continued)
Opportunities in Industry and Minerals Sector (continued)
Opportunities in Industry and Minerals Sector (continued)
Opportunities in Industry and Minerals Sector (continued)
Opportunities in Industry and Minerals Sector (continued)
Opportunities in Industry and Minerals Sector (continued)
Opportunities in Industry and Minerals Sector (continued)
Opportunities in Industry and Minerals Sector (continued)
Opportunities in Industry and Minerals Sector (continued)
Opportunities in Industry and Minerals Sector (continued)
Opportunities in Industry and Minerals Sector (continued)
Opportunities in Education Sector
Opportunities in Education Sector (continued)
Opportunities in Education Sector (continued)
Opportunities in Education Sector (continued)
Opportunities in Education Sector (continued)
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| Deliverable Type | Market Research |
|---|---|
| No Index | No |
| Podcast | No |
| Author | Ali Mirmohammad |
| Industries | Cross Industries |
| WIP Number | 9AB4-00-21-00-00 |
| Is Prebook | No |
| GPS Codes | 9600-B1,9612-B1,9100-A2,9869-A2,9AAB-A5,99BB-B1,9833-A2,9836-A7,9837-B1,9841-F1,9A69-MT,9A71-A2,9AA3,9595,9A08 |
Assessment of Opportunities in Iraq, an Untapped Market, 2018
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