Potential Western Investors can be intimidated by various Iraq business issues such as security, regulatory hindrances, and other practical barriers such as electrical outages. Yet these barriers are not causing them to stop the money from penetrating the Iraqi economy.
Via the United States State Department:
“In 2011, foreign firms and investors reported over $55 billion in investments, service contracts, and other commercial activities across Iraq, according to private consultants. This activity amounted to an increase of 80.4 percent over 2010, while total deal value increased by 40.3 percent. The International Trade Centre (ITC) – a joint venture of the United Nations and the World Trade Organization (http://www.intracen.org/country/iraq) – estimated that Iraq attracted over $1.6 billion of foreign direct investment (FDI) inflows in 2011 (the most recent statistics available), representing an increase of approximately 52 percent since 2007.”
Iraq Market Research and Iraq Research and Iraq Business Investment is increasing, despite the hindrances of the developing country. Western partners are seeing the benefits to investing in Iraq and Iraq Western Business development.
