Dubai-based Bhatia Brothers is looking to re-enter the Iraq market as there are business opportunities galore, a top company executive said.
"We are working on Iraq. Previously, we have done business with Iraq. There were a number of complexities that restricted business opportunities in Iraq in the past 10 years. Now, that businesses are being restructured in a different way and so we are cautiously entering the country once again. We will begin our foray through general trading and hopefully setup an office next year," says Manish Bhatia, Director of Bhatia Brothers.
He believes that oil and gas projects, which are already in the pipeline across Gulf Cooperation Council (GCC), will be executed, but will take a longer time for completion.
"This means the spending will basically get spread out... instead of finishing it within the set time frame, it will now be completed in phases. Despite that I am certain there will be investment coming into the sector with all regional governments carrying on to invest for the long term."
Bhatia Brothers, headquartered in Dubai, has offices and warehouses spread throughout the GCC and parts of the Middle East, India and UK. The company caters to various industries such as oil and gas, marine, construction and the infrastructure sector with focused divisions created to provide products and services to the targeted industry. Its engineering division currently employs over 1,000 people.
(Source: Trade Arabia)