Oct 2, 2018   SOURCE: BusinessWire

Assessment of Opportunities in Iraq: An Untapped Market 2018 Post War Against ISIS - ResearchAndMarkets.com

The "Assessment of Opportunities in Iraq, an Untapped Market, 2018" country profile has been added to ResearchAndMarkets.com's offering.

After three years under combat operations, the end of Iraq's war against the Islamic State (ISIS) encourages the country's reconstruction and economic reformation. As a result of healthy foreign international reserves, limited restrictions on cross-border fund transfers as well as an attractive legal framework that provides greater protection and incentives for foreign investors, investments in the country is expected to generate the highest rate of returns.

Apart from FDI, primary opportunity areas for global companies also include technology upgrades and manufacturing process improvement across all industries. Most industries operate on obsolete or old technologies as wars and earlier sanctions prevented access to the latest technologies.

As a national development plan, Iraq aims to boost the economy through privatization and development of oil & gas as well as minerals along the value chain. The plan is to not only privatize existing state-owned enterprises but also support SMEs with tax holidays and financial incentives. All in all, FDI inflow is expected to help the Iraqi Government to achieve the target within the next five years.

Enabled by the prospect of greater stability and security, Iraq has listed a total of over 212 projects ready for investment across more than 10 sectors. Of these sectors, oil and refineries are the most promising sector for investors followed by industrial and manufacturing, infrastructure, health and education, energy and agriculture sector.

With a population of nearly 40 million, Iraq is also emerging as one of the top consumer markets in the Middle East that primarily depends on imports. This recent study, Iraq's Untapped Opportunities; Path to Investment Boom, highlights the growth potential in the following markets from 2018 to 2022 - Grains, Food & Beverages (8-10% CAGR), Pharmaceuticals (10-12% CAGR), Beauty and Personal Care (8-10% CAGR), Furniture and Homewares (5-6% CAGR), Footwear, Textile and Apparel (5-6% CAGR), Medical Devices (18-20% CAGR), Consumer Electronics (7-8% CAGR) and Plastic Products (9-10% CAGR).

Iraq plans to focus on the Oil & Gas value chain, downstream value chain, Minerals value chain, and tourism and financial services to move the GDP growth rate by 6% annually in the next 8 years. Hence, with a population of over 39 million people as of 2018, Iraq remains an attractive consumer market with the potential of over USD 40 billion.

Key Topics Covered:

1. Executive Summary

2. Opportunities Outlook

3. Demographic And Geographic Overview

4. Economic Overview

5. Post ISIS War

6. PESTEL Analysis

7. Industry Overview

8. Trade & Investment Overview

9. Ease Of Doing Business

10. Tax Environment

11. Business Environment

12. Sector Profiles - Banking Sector

13. Oil & Gas Sector

14. Energy Sector

15. Minerals Sector

16. Manufacturing Industries Sector

17. Agriculture And Food Sector

18. Housing & Infrastructure Sector

19. Education Sector

20. Healthcare Sector

21. Water Supply And Sanitation Sector

22. Telecommunications Sector

23. Appendix - Investment Opportunities Across Sectors

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