Executive Briefings

Iraq Sees Surge in Foreign Direct Investment

Several multinational companies, from GE to Daimler Benz, have opened up shop in Iraq since 2007, when the country started to become safer as a result of America's military surge. Luring these companies to Iraq are its huge reserves of oil, abundant water supplies, fertile land and strategic location. Then there are Iraq's 30.7 million citizens--all potential customers in a new consumer economy who "need and want everything from televisions to washing machines," says Robert Kelley, one of a group of investors that is building a $120m luxury hotel in Baghdad.
Source: The Economist

Several multinational companies, from GE to Daimler Benz, have opened up shop in Iraq since 2007, when the country started to become safer as a result of America's military surge. Luring these companies to Iraq are its huge reserves of oil, abundant water supplies, fertile land and strategic location. Then there are Iraq's 30.7 million citizens--all potential customers in a new consumer economy who "need and want everything from televisions to washing machines," says Robert Kelley, one of a group of investors that is building a $120m luxury hotel in Baghdad.
Source: The Economist