By John Lee.
The head of GE’s Middle East operations has told Arabian Business that there is huge potential in Iraq, but says he expects delays in the decision making and execution of significant infrastructure projects as civil unrest in the country grows.
Nabil Habayeb (pictured) said:
“What’s happening in Iraq concerns us first of all from the security of our people and this is our primary focus now …
“There is huge potential in Iraq – it needs everything from monetising the oil and gas to power generation, to the healthcare, to the transportation system and we have been working on a lot of these projects and we continue to support our customers now.
“The impact is going to be a delay in some of the decision making for some of the big projects, a delay in the execution because of the security situation and I think the biggest concern also is the confidence level that the financial institutions will have in investing in Iraq.”
(Source: Arabian Business)