IBBC brochure Eighth Edition “Year on year since IBBC was formed in mid 2009, we have proved that Iraq is a major market, not out of reach, a market where big business can manage huge success stories and in doing so almost transform the landscape in the way that the people and government themselves wish to happen”. Baroness Nicholson of Winterbourne, President, IBBC 3 IBBC MEMBERS Albilal Group International Islamic Bank Al-Burhan Group Iraq Star Al Jaber Company Karbala Chamber of Commerce Al Jotun Products (Iraq) KBR Al Nukhba-OFS FZCO KCA Deutag ARCHS Khudairi Group Baghdad Chamber of Commerce Kuwait Energy Basrah Chamber of Commerce Management Partners Basrah Engineering Co. Menzies Aviation Basra Gateway Terminal Mosul University Bath Spa University Mott MacDonald BP Najaf Chamber of Commerce CCC National Bank of Iraq Chevron Pell Frischmann Constellis Penspen Limited Cresent Perkins+Will UK, Ltd Dar Al-Handasah (Shair & Partners) Petrofac Dome Group PwC Erbil Chamber of Commerce Ratba’a Contracting Company LLC Ernst & Young Restrata Eversheds Sutherland Rolls-Royce ExxonMobil Severn Glocon Group G4S Serco GardaWorld Shamara Holding GE Shell Gulftainer Siemens GulfTek SKA International Group HWH & Associates SNC-Lavalin Solar Turbines “IBBC is really an important convening Standard Chartered Bank power for the benefit of Iraq and for Turnkey improving the investment environment UB Holding in Iraq and ultimately the economy of University of Leicester University of Northampton Iraq to bring everyone who is working in Vitol Group of Companies Iraq together”. Wood Xreach Dr Renad Mansour, Research Fellow, Middle East Zaha Hadid Architects & North Africa Programme, Chatham House Zain CONTENTS 6 Introduction by Baroness Nicholson of 13 Message from Eng Rasmi Al- Winterbourne, President of IBBC Jabri, Deputy Chairman, IBBC 7 Message from Rt. Hon. Theresa May 14 Message from Mr Vikas Handa, MP, United Kingdom Prime Minister GCC Representative, IBBC 8 Message from His Excellency Dr Al-Abadi 15 What is IBBC? Prime Minister of the Republic of Iraq 16 Why the IBBC works 9 Message from Dr Sami Al-Araji, Chairman, 18 IBBC Sector Tables Iraq National Investment Commission 20 Young Executives Network 10 Message from Mr Jonathan Wilks, Her 21 IBBC Board & Staff Majesty’s Ambassador to the Republic of Iraq 22 IBBC Council of Members 24 AMAR 11 Message from Mr Christophe Michels 25 Message from Rt. Hon. Theresa May Managing Director, IBBC MP, United Kingdom Prime Minister IBBC membership profiles Albilal Group 27 Khudairi Group 64 Al-Burhan Group 28 Management Partners 66 Al Jaber Company 30 Menzies Aviation 67 Al Jotun Iraq 32 Mosul University 68 Al Nukhba OFS FZCO 33 Mott McDonald 69 ARCHS Group 34 Najaf Chamber of Commerce 70 Baghdad Chamber of Commerce 35 National Bank of Iraq 72 Basrah Chamber of Commerce 36 Pell Frischman 73 Basrah Engineering Group 37 Penspen 74 Bath Sap University 38 Perkins+Will 75 BP Iraq 39 Petrofac 76 Chevron 40 PwC 78 Consolidated Contractors Company 41 Ratba’a Contracting Co. LLC 79 Cresent 42 Restrata 80 Constellis 44 Rolls-Royce 81 Dar Al-Handasah 45 Serco 82 Dome Group 46 Severn Glocon Group 83 Erbil Chamber of Commerce 47 Sharma Holding 84 Ernst and Young 48 Shell 85 Eversheds LLP 49 Siemens 86 ExxonMobil 50 SNC-Lavalin 87 G4S Secure Solutions Iraq 51 SKA International Group 88 Garda World 52 Solar Tubines 90 GE, Power Services 53 Standard Chartered Bank 91 Gulftainer 54 TurnKey 92 GulfTek 55 UB Holding Company 93 International Islamic Bank 56 University of Leicester 94 HWH & Associates 58 University of Northampton 95 Iraq Star Group 59 Vitol 96 Karbala Chamber of Commerce 60 Wood 97 KBR 61 Xreach 98 KCA Deutag 62 Zaha Hadid 99 Kuwait Energy 63 Zain 100 5 Introduction by Baroness Nicholson of Winterbourne President of IBBC I am pleased to welcome you to this new edition of the IBBC Brochure. In recent months we have witnessed many positive developments within IBBC with a parallel increase in all the things we value: security, business, members and engagement between members; and the continued strengthening between the British and Iraqi Governments and major international organisations such as the UN, EU, IMF and the World Bank. A clear message has come from the British Baroness Nicholson at a meeting with HE Fuad Government, that it is dedicated to putting trade at Masum, President of Iraq the heart of the UK foreign policy. As the British Government negotiates a new relationship with of the new IBBC Board, we are further set to the European Union, countries including Iraq are develop and strengthen Iraqi business’ trading and moving into the centre of attention of the now working with IBBC’s global membership, and to firmly established Department for International foster new and more permanent links between Trade. This presents us with a great opportunity Iraqi and British Universities. for IBBC members to be at the forefront of this We know too that it is a business that grows new wave of outward looking British trade. the economy, facilitates jobs, offers training and When I met both President Fuad Masum and brings prosperity to customers, employees and Prime Minister Al Abadi recently, each warmly their communities. This wonderful track record extended their thanks to IBBC for staying so firmly of service with excellence gives me great pride in support of the Federal Republic of Iraq during in the achievements of IBBC and its members. the recent times. Equally, Prime Minister Theresa May I thank all of our members, Iraqi and others, May has high praise for IBBC. She informed me of for their strong support throughout the years and how pleased she was to see so many opportunities particularly those who are not only investing their for British business in Iraq when she visited time and resources into Iraq but also engage into Baghdad not long ago. Now, with the help of our corporate social responsibility. It is together that members and under the leadership and supervision we build Iraq. “There is a clear message from the British Government that it is dedicated to putting trade at the heart of UK foreign policy.” 6 Theresa May, United Kingdom Prime Minister IBBC WELCOME 7 Dr Haider Al-Abadi Prime Minister Republic of Iraq I would like to express my deep gratitude and course our international allies. We have preserved appreciation for the hard work and dedication that our unity and in the process of normalising our Baroness Nicholson and the colleagues at IBBC relation with the KRG for revenue sharing and are doing over the past few years for Iraq and the other security matters, which will undoubtedly Iraqi people. improve Iraq’s stability and hence the climate The publication of this Brochure comes at a for business. Key to our progress is an updated time when Iraq is moving steadily forwards with Iraqi legal framework, including tabling a new many mile stone achievements. The far most was Financial Management law that modernises defeating ISIS as well as securing our borders, Iraq’s financial and management practices in with the braver sacrifices of Iraqi military forces the context of a federal state. The proposed law and the Iraqi people as a whole, not forgetting of will provide a complete regime for budgeting and financial management across all levels of government, drawing from international best “The new rules for procurement, practices. associated with transparency, The new rules for procurement, associated with transparency, accountability and modern accountability and modern audit audit provisions will be key in reducing provisions will be key in reducing corruption. We are also building capacity at corruption. We are also building capacity all levels of government to operate under this at all levels of government to operate new legal framework. With this achievement under this new legal framework.” Iraq announced a powerful message to the International community, Governments, Private Below: Baroness Nicholson at a meeting with sectors, and NGOs at the Kuwait International H.E. Haider Al-Abadi, Prime Minister of Iraq Conference for the Reconstruction of Iraq which was held on the 12-14 February 2018, that Iraq is, and will be, a safe environment for doing business and will provide huge and attractive investment opportunities for IBBC and others! That is what we have envisioned and will work hard as a responsible government in achieving our goals with all our friends. If I may borrow the IBBC quote that “together we build Iraq”. Dr Haider Al-Abadi Prime Minister Republic of Iraq 8 IBBC Dr Sami Al-Araji, Chairman, MESSAGES National Investment Commission of Iraq Let me say it is a real pleasure to be asked to and guarantees being made available to contribute to this important IBBC brochure. foreign investors. I would also like to thank Baroness Nicholson The NIC works on a national and provincial and all IBBC members for your contributions to level – acting as a one-stop shop to help foreign the rebuilding of Iraq – a nation whose future companies enter and operate efficiently in Iraq looks staggeringly prosperous. and help investors obtain licences, tax exemptions and land. Economic growth Iraq and its people want to be a vibrant part Investors should know that right now there is a of the global economy and we and my excellent tremendous imbalance between the potential team at the NIC are here to help you and your wealth of Iraq and its current situation in terms of business – we look forward to welcoming you to both consumer goods and infrastructure. So the Iraq: a nation of glittering opportunity. catch up is going to be immense. Clear sighted major global corporations are already positioning For more information themselves for this.