While Turkey is undoubtedly the country with the most companies operating in Iraq -- 270 of them, according to this recent report -- it is France that clearly takes the prize for the most active of Iraq's non-bordering countries.
Iraq's National Investment Commission (NIC) says there are 123 French companies with operations in the country, and it's clear from recent news-flow that France is not stopping there.
At an official level, France is obviously doing the right things to cement (pun intended) its relations with Iraq:
- Announcing the opening of a consulate in Anbar;
- Opening an 'Agriculture and Environment' house in Erbil;
- Campaigning to remove Iraq from UN Chapter VII;
- Setting up a research centre at Erbil's Citadel;
- Opening a consulate in Basra;
- Building a business centre to facilitate French enterprises in Baghdad.
The sluggishness of some other countries, including the US, to take advantage of the opportunities in Iraq has not gone un-noticed.
In the nature of things, these opportunities don't hang around forever.
Wherever your business is based, Upper Quartile and AAIB are the perfect team to guide you into the Iraqi market. For more information please contact Gavin Jones or Adrian Shaw.
Comments are closed.