Doing business in Iraq

Back in its 60s and 70s heyday, Iraq was the most advanced and prosperous nation in the Middle East – its oil revenues and educated population and pro-British stance made for a great place to prosper. The economy and infrastructure collapsed under wars and dictatorship, but now, even though there are protests, there is a rising economic confidence. Oil prices and production are recovering, the government coffers are again full and spending is 45% up in 2019. Iraq is on the way back.

Modern Iraq needs its key infrastructure rebuilt – power, housing, roads, rail and chemical industries and agriculture to name a few. The government is issuing free land areas to develop and tax free incentives for 10 years to encourage people and investors back into Iraq. And the strategy is beginning to work – the Gulf states have pledged billions, while Russian and Chinese oil companies and the Japanese and