Iraq Business Opportunities

 

Iraq In-Country Investment
Distribution and Management

All Systems GO

Iraq is ready to do business with the world. The new provisions of the recently adopted Iraq "Foreign Investment Law" create a climate in which the international business community will feel welcome and secure in the knowledge that their investments in Iraq will be protected under government law.

Looking to Invest in Iraq?

The Al-Ahel Company has a proven track record--assisting businesses make a return on investment in Iraq in the shortest time period. Our management skills help you navigate through the ever-changing complexities of Iraq government red tape.

How We Operate

We are an Iraqi company, with a strong western and Iraqi management team. After a thorough assessment of your investment goals, we will guide you through setting up your Iraq business investment and stay to help you manage the process. We deal daily with the many different Iraqi government agencies and will put your money to work for you in the shortest possible time.

Our Network

Utilizing our very strong, long term relationships we will work as your advocate on behalf of your interests with all the Iraq Ministries, Investment Commissions, Provincial Councils and other branches of the Iraqi government from Basra to Baghdad to Erbil.

Please contact us online and an Al-Ahel representative will respond promptly.

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NEWS

Iraq now open for business,
says former ambassador

(28/02/08)

Western companies risk losing out to emerging competitors if they delay investment in Iraq, according to the former Iraq ambassador to the UK.

Dr Salah Al-Shaikhly, who served in London for over three years, says that companies from Eastern Europe, the Middle East and the Far East are now looking to capitalise on the many investment opportunities found within Iraq and that the established order needs to move quickly to avoid being left behind.

The former ambassador, now a leading commentator on Iraq, added that the media has played a major role in slowing investment, pointing to dominant coverage of problem-laded Baghdad as opposed to areas of relative peace and stability, such as the northern Kurdistan region and the south west.

Dr Al-Shaikhly commended the Kurdistan Regional Government (KRG) for its bravery in signing oil agreements with international operators and further criticised those "driven by political bias" for discouraging the progress made within the oil sector.

"Critics assume that commercial companies are always trying to take unfair advantage of Iraqis and that we do not have the kind of technicians who are able to assess a commercial package - all of which is quite untrue," Al-Shaikhly added.

He also praised those companies prepared to move quickly in aiding the regeneration of Iraq, through infrastructure projects and investment in areas such as real estate and tourism.

Communications was described as a now flourishing sector, with the uptake in mobile phone subscriptions seen as a prime example of the progress made, while also noting that Internet access needed to improve significantly.

Dr Al-Shaikhly sounded a final note of caution by emphasising how businesses coming to Iraq needed to do their homework and should look to partner with established local Iraqi companies, while also being mindful of local rules and traditions.

Such focus on the tremendous investment opportunities available within Iraq comes following the news that Iraqi Minister of Industry Fawzi Hariri is looking to open up Iraq's largest non-oil industries to the global market. This process, described as the first step towards privatisation, will culminate in a large scale summit in Dubai on 19-20 April.

Source: Noozz

 

 

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