By John Lee.
Three sound bites from the past week sum up the investment climate in Iraq:
From Deputy Prime Minister for Energy, Dr Hussain al-Sharistani:
“Investments between now and 2030 in the energy sector and linked industries will amount to about $500 billion, of which 80 billion is expected to come from the private sector.“
From Deputy Prime Minister, Dr Rowsch N Shaways:
“The Iraqi market is promising and it is broad and thirsty for investment.“
And from Natalie Bacon, of CWC Group:
“There is absolutely no doubt that the opportunities for investment and growth in Iraq are remarkable.“
Which is not to suggest that there are not significant challenges to be overcome when entering the Iraqi market, but as the long list of foreign companies in the country shows, these challenges can be overcome.