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Investment Opportunities in the Agricultural Sector

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Investment Opportunities in the Agricultural Sector Republic of Iraq Presidency of the Council of Ministers National Investment Commission Investment Map of Iraq 2013 Republic of Iraq Presidency of the Council of Ministers National Investment Commission Investment Map of Iraq 2013 Dear investor: Investment opportunities found in Iraq today vary in terms of type, size, scope, sector, and purpose. The door is wide open for all investors who wish to take part in investment projects in Iraq; projects that would meet the growing needs of the Iraqi population in different sectors. Iraq is a country that brims with potential; characterized by its strategic location at the center of world trade routes, this gives businesses located here a significant strategic advantage. along I herby invite you to look at Iraq with it being a rich country with great as one of the most important potential and untapped natural resources places where untapped investment which would certainly contribute towards opportunities are available in improving living standards for the various fields and where Each people. Such features and characteristics create favorable opportunities that will sector has a crucial need for attract investors, suppliers, transporters, investment. Think about the great developers, producers, manufacturers, potentials and the markets of the and financiers, who will find a lot of neighboring countries. Moreover, factors and mechanisms which are think about our real desire to conducive to initiating new projects, receive and welcome you in Iraq , developing markets and boosting business relationships of mutual benefit. we are more than ready to In this map, we provide a detailed cooperate with you In order to overview of Iraq, and an outline of each overcome any obstacle we may governorate including certain face. information on each sector. In addition, you will find a list of investment opportunities, classified by the available investment opportunities in each sector and within each governorate. This map includes a number of investment opportunities that were presented by the specialized Ministry. As we have published this document to serve your needs and requirements, we would welcome any comments or suggestions you may wish to make, and we are ready and willing to cooperate with you to find constructive ways to attract investors who have the intention and willingness to participate in the process of economic renaissance in Iraq. We look forward to working with you. Dr. Sami Al-A'raji Chairman of the National Investment Commission Table of contents Page No. Contents Page No. 1. Preface ………………………………………………….………….……………………… 1 2. Are you interested in investing in Iraq? ………..………...........……… 2 3. Why invest in Iraq?..................................................................... 3-4 4. Geographic Overview …………………………………………….……….……..…. 5-7 5. Economic Overview ……………………………..……………………..……………. 8-16 6. Banking sector ………………….……………………………………………………… 17-18 7. Stock exchange ……….…………..........………….………………………………. 19-20 8. Population and workforce ……………….……………………….……………… 21-22 9. Provincial Profiles …………………………………………………………………… 23 10. Governorate of Baghdad………………………………………………………….. 24-28 11. Governorate of Babylon…………………………………………………………… 29-31 12. Governorate of Diyala…………….………………………………………………… 32-33 13. Governorate of Saladin…………………………………………………..……….. 34-36 14. Governorate of Wasit………………………………………………………………. 37-39 15. Governorate of Kirkuk………………….……………………………….……….. 40-42 16. Governorate of Nineveh…………..………………………………….……….. 43-44 17. Governorate of Irbil…………………..……………………………………………. 45-47 18. Governorate of Duhok…………..……………………………………………….. 48-50 19. Governorate of Sulaymaniyah………..………………………………………. 51-52 20. Governorate of Anbar………………..…………………………………………… 53-56 21. Governorate of Holy Karbala………..………………………………………… 57-59 22. Governorate of Holy Najaf…………..……………………………………....... 60-62 23. Governorate of Basra……………………………………………………………… 63-66 24. Governorate of Maysan………………..……………………………………….. 67-68 25. Governorate of Muthanna……………..………………………………………. 69-71 26. Governorate of Diwaniyah…………….…………………………………....... 72-73 27. Governorate of Thi Qar…………………..………………………………………. 74-75 28. Investment Zones in Iraq…………………..……………………………………. 76 29. Overview sectors……………………………….…………………………………… 77 30. Oil and gas sector…………………………….…………………………………….. 78-82 31. Electricity sector………………………….…………………………………………. 83-84 32. Communication sector…………………….…………………………………….. 85-86 33. Health sector…………………………………………………………………........... 87-91 34. Housing and Infrastructure sector…………….……………………………. 92-99 35. Transportation sector…………………….………………………………………. 100-109 36. Industry and minerals sector…………..…………………………………….. 110-121 37. Tourism sector……………………….………………………………………………. 122-124 38. Education sector………………….…………………………………………………. 125-128 39. Service sector…………………………………………………………………………. 129-131 40. Agriculture sector………………..………………………………………........... 132-142 Preface This document was prepared by the National Investment Commission (NIC) of the Republic of Iraq for the purpose of providing information. It also aims at providing a detailed presentation about the available investment opportunities in Iraq at the level of governorates and government ministries. This document in addition to the Investment Guide to Iraq, will help to provide details about investments, the investment atmosphere in Iraq and general travelling information. For help or more information, do not hesitate to contact us on: E-mail: [email protected] : Or via The NIC website: www.investpromo.gov.iq : Investment map 2013 1 Are You Interested in Investing in Iraq? For general information about investment opportunities in Iraq or about how to get an investment license, please visit the National Investment Commission's website at the following address: www.investpromo.gov.iq For more information or to arrange for a visit to Iraq, please contact the National Investment Commission via one of the following e-mail addresses: Department e-mail National Investment Committee email [email protected] One stop shop [email protected] Economic Office [email protected] Legal Office [email protected] Public Relations, Promotion and Media [email protected] Office [email protected] [email protected] One Million Housing Units Project [email protected] Office Investment Commission of the Kurdistan http://www.kurdistaninvestment.org region Websites of Provincial Investment Commissions: Committee Website Baghdad Investment Commission http://www.baghdadic.gov.iq Babylon Investment Commission http://www.bic.gob.iq Diyala Investment Commission http://invesdiyala.com Salah Ad-Din Investment Commission http://investsalaaddin.org Wasit Investment Commission http://www.wasitic.gov.iq Kirkuk Investment Commission http://www.investkirkuk.com Nineveh Investment Commission http://www.mosulinvestment.org Anbar Investment Commission http://www.anbarinvest.net Karbala Investment Commission http://www.krinves.com Najaf Investment Commission http://www.investnajaf.net Basra Investment Commission http://www.investbasrah.com Maysan Investment Commission http://www.misic.com Muthanna Investment Commission http://www.misic.org Diwaniya Investment Commission http://www.investdiw.gov.iq DhiQar Investment Commission http://www.thiqarinvest.gov.iq Investment map 2013 2 Why Invest in Iraq? Iraq is characterized by having many factors that would attract capital and investment, due to the availability of natural resources like oil, gas, and land, as well as human resources, the large size of the Iraqi market and the country’s geographic position which creates opportunities for production, import, and export. All this represents diversified attracting factors that reflect the diversity of investing opportunities in different economic sectors. In light of the change in the economic philosophy of Iraq, the goals and the rationales included in the Investment Law (no. 13 for the year 2006, amended) have contributed to the encouraging of investment, as such aims and objectives are focused on the necessity of bringing in technical and scientific expertise and supporting the process of establishing, expanding, and developing investment projects in Iraq at various levels, and granting privileges and exemptions to these projects on the basis of the following: Acquiring land and real-estate for the sole purpose of erecting housing projects. Leasing land and real-estate in order to establish investment projects with a lease term of up to 50 years, with contracts being renewable (depending on the project's size and type). Investing and withdrawing the capital allotted to the project as well as its profits and revenues in accordance with the provisions of the aforementioned law and Iraqi Central Bank regulations. Circulating shares and bonds in the Iraqi Stock Market and acquiring membership in joint-stock companies. Creating investment portfolios in shares and bonds. Insuring projects with any Iraqi or foreign insurance company. Opening accounts in Iraqi or foreign currency, or both, in any bank inside or outside of Iraq. Hiring and employing foreign workers in projects alongside local workers. Investment map 2013 3 Providing foreign investors and workers the right of residency in Iraq and facilitating the process of entering and leaving the country for them. Exempting the investment project from taxes for ten years starting from the commercial operation date, and extending this ten year period to fifteen years when the Iraqi investors’ shareholdings exceed 50%.
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