Iraq’s reconstruction market is worth $900 billion.
Iraq reconstruction market ‘worth $900bn’
01 March 2018
With the end of the ISIS war, Iraq is on the path of reconstruction and economic resurrection that calls for sustained investment to the tune of over $900 billion within the next decade, said an industry expert.
“Iraq plans to focus on the oil and gas downstream as well as minerals value chains, construction and infrastructure industries, healthcare, energy, tourism and financial services sectors to move the GDP growth rate by 10 per cent annually within the next decade,” said Ali Mirmohammad, senior consultant – Iraq with growth partnership company Frost & Sullivan.
Mirmohammad was commenting on a new report titled “Assessment of Industry Sector Opportunities in Iraq” from Frost & Sullivan.
The report provides a broad overview of the current status of these high priority sectors, apart from providing a brief look into addressable opportunity areas.
According to the report, Iraq requires $30 billion of foreign direct investment (FDI) per year to achieve its reformation and stabilisation goals within the next 10 years.
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- In Brief
