The private sector now has more and more opportunities to invest in Iraq and contribute to its ongoing development because of its significant comeback. The Sudani government has presented soundness and changes as well as putting resources into an extensive variety of framework projects that guarantee development and change.
IBBC will present the key stakeholders behind this project revival at our conference in December. These stakeholders come from a variety of industries, including energy, agriculture, the strategic Development Road, maritime development, and finance.
Where Opportunity Meets Growth In September, the Minister of Transport for Iraq presented IBBC with ambitious plans that focused on crucial areas like the expansion of Al Faw Port, investments in the Development Road, freeports, new cities and business hubs along the route, the creation of a maritime authority, rail connections to western Iraq, direct flights between the UK and Iraq, and tourism. Water management, advancements in agriculture, and the Central Bank’s modernization and digital transformation initiatives are the primary focuses of other ministries.
At our conference, Growing Opportunities, on December 13, these initiatives will be the main focus. There, you’ll hear from important decision-makers like lead sponsors like Al Zaman Group, Sadar Group, Trade Bank of Iraq, Basra Gateway Terminal, SAP, and London Sky (Travel Partner). All aspects of a sustainable Iraq will be examined, including finance, climate action, education, agritech innovation, economic growth and energy, and British officials and leading IBBC companies. GEMS will also sponsor a special Education Day on December 12 at the Taj Hotel, which will feature discussions with ministers of higher education, UK universities, and schools about skill development and training for the modern economy.
Tech and Innovation Focus Speakers from InnovationUK, fintech experts, and digital transformation leaders will participate in the online Tech Forum. The most recent technological advancements that are reshaping Iraq’s business landscape will be highlighted in this session.
Prior to panel and roundtable discussions on key sectors like energy, finance, transportation, and infrastructure, there will be a high-level discussion on Iraq’s current geostrategic positioning and its regional context. Business-zeroed in roundtables on Kurdistan and Basrah will likewise dive into the one of a kind open doors these locales present.
This year, the Iraqi government has already committed $400 billion in investments, and the private sector is rapidly de-risking, with significant investments flowing into real estate and related industries from Saudi Arabia, Qatar, and the United Arab Emirates.
Similarly, even as oil production continues to rise, Iraq’s energy market is diversifying into gas and solar power. Most notably, Chinese businesses now produce half of Iraq’s oil. Iraq is at the center of geopolitical developments due to its strategic location at the intersection of Turkey, China, the Gulf, Iran, and Europe. Iraq’s relationships with these various forces have been successfully balanced under the Sudani government, fostering internal and regional stability. While administration challenges stay, the standpoint for business and speculation has seldom been seriously encouraging. The Iraq Stock Market’s growth of 128% over the past two years and the rapid modernization of private universities and schools both reflect this positive sentiment.
Join us at the IBBC conference to meet our members, Iraqi government ministers, and officials leading this significant transformation. Iraq is Rising—Be a Part of Its Future Try not to pass up on the opportunity to draw in with those forming Iraq’s promising future.
For more details and registration, click here.
