UKTI and the FCO can help you and advise you and your business on entering the Iraqi market. We have dedicated UKTI teams at our Embassy in Baghdad, our Consulate in Erbil and our Consulate in Basra provides support to British oil companies already based there - and are ready to provide assistance across other sectors.
Despite a growing private sector, the size of Iraq's public sector is much greater in comparison, and is where most business opportunities exist. This is where government contacts are particularly important and an area where organisations such as IBBC, in conjunction with the Foreign and Commonwealth Office and UKTI, can play a vital role in supporting British businesses. In addition to Iraq’s developing oil and gas sector, Iraq’s large scale reconstruction effort brings with it huge commercial opportunities, including for UK supply chains.
As the security situation in Iraq has stabilised, the UK’s business presence has increased.
In April 2009, UKTI organised the first official UK trade mission to Baghdad and Basra for over 20 years, with representatives from 23 major British companies.
In October 2010, the former CEO of UKTI, Sir Andrew Cahn, led a high-level delegation of 35 UK companies to the Erbil International Trade Fair.
In November last year, Mr Burt, the Foreign Office Minister responsible for the Middle East, carried out a five day tour of Iraq raising trade issues at the highest levels in Baghdad, Basra and Erbil.
This increased business activity has been mirrored by UK companies winning contracts in Iraq. Recent successes for British companies in Iraq include:
Serco winning a contract in December 2010 worth $65m to provide air traffic control services over two years at Baghdad International Airport (BIAP)
Copperchase securing a contract to build low cost housing units in Najaf Governorate, valued at over $160m.
G4S winning the aviation security contract at Baghdad International Airport (BIAP), valued at over £20m for two years.
Pell Frischmann winning a contract worth £30 million with the Ministry of Municipalities and Public Works to design and project manage the construction of three water plants in the centre and west of Iraq
BP and Shell winning contracts to develop super-giant oilfields in southern Iraq, worth $39billion.
These examples highlight the variety of opportunities and potential available in Iraq.