In 2011, foreign firms and investors reported $55.67 billion in investments, service contracts and other commercial activities across Iraq — an estimated 40.3 percent increase in total deal value over the previous year.
So say Dunia Frontier Consultants (DFC) in their latest report on foreign commercial activity in Iraq. But did you know also that:
- The total number of reported investments, service contracts and other commercial activities by foreign firms in Iraq increased 80.4% to 294;
- Activity was much less volatile, with deal flow varying only 10% on average from month to month, as opposed to an average of 50% per month in 2010; and,
- At least 45 countries were active in Iraq.
While the bad news about Iraq still makes the headlines, and with good reason, we shouldn’t forget that not all the news from Iraq is bad.