Iraq ranks st out of countries according to the Doing Business classification, losing three places compared to Source: Doing Business.
Getting Back to Business in Iraq: International Investment After the Withdrawal
Countries, Customs and Regulations. Country profiles 1. Algeria 2. Germany 3.
Belgium 4. Canada 5. The context was that the global reconstruction package in Kuwait had been agreed with the IMF and others merely two months prior to the IEF, and the country is preparing for national elections.
However, it is not an insignificant decision, and Iraq is aware of this. This is only natural, given that the elections are imminent.
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There is a sense of urgency amongst the foreign and local businesses attending the forum, which was not as obvious in Last year, there was impatience amongst investors that transactions move quicker, and a desire that terms at least with the international oil companies IOCs be renegotiated to provide more balanced solutions for all stakeholders government and business counterparties.
This year, the impression was that it truly is now or never for Iraq to capitalise on the momentum generated by the Kuwait reconstruction conference and goodwill of the international community. It must get down to the business of concluding contracts with those states and companies willing to invest in rebuilding its infrastructure.
- Foreign direct investment (FDI) in Iraq.
- Me Before You?
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There is no room for complacency because if Iraq does not deliver, investors will go elsewhere. His concern was the bureaucracy surrounding what should be straightforward commercial transactions, leading to a stifling and strangling of the private sector. Questions remain over the legitimacy and independence of such an entity whether it truly can be separated from the Ministry of Oil, which has so far made all decisions on oil policy. Time will tell. And yet, despite these concerns, the outlook for Iraq at the IEF remained optimistic. Capacity building has started already, with the recent recruitment of young, talented and ambitious Iraqi nationals to the Economic Reform arm of the Ministry of Finance.
It offers generous incentives and guarantees to investors, and a very wide scope for investment in Iraq, where there are tremendous opportunities in many sectors of the economy. The book is intended to provide guidance and help to would-be investors, their legal advisers, lawyers and practitioners interested in the field of investment in Iraq.
Country risk of Iraq : Investment
This work also provides useful guidance on the licensing system and the settlement of disputes. More Options Prices excl.
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Contents About. By: S. Pages: i—xix.