Iraq Offers Fine Opportunities for Small Businesses to Invest in Iraq
Iraq is a prominent nation in the Middle East and has been known as a leading producer/exporter of petroleum products to the world over. However, the nation also suffered war ravages for decades in history and allied political instability that impacted its true potentials to grow economically. The modern regime of Iraq is stable enough and is spearheading policies for the resurrections cum rebuilding. The nation, as it stands today thus offers numerous opportunities to invest in Iraq and set up ventures in sectors of high prospective value. Companies and multinationals from around the world are reaching out to Iraq to develop their footprint and gain momentum by being part of the national re-building process that is swift, developmental and peaceful.
Petro products & services
In the last few years, the reconstruction efforts have opened opportunities in different sectors of the economy here. Initiatives by the giants have led to the demand build up in secondary and tertiary sectors also, thus inspiring the SMEs and startup firms to ride the wave. Petroleum sector has been the traditional mainstay of Iraq for decades and still counts high. This sector has the potential of the sustaining diversity of secondary petrochemicals processing industries at small scale by the budding entrepreneurs. A vibrant EXIM turf also stands ready for firms that can make use of Iraq business opportunity facilitated through the framework of government.
Realty and construction –
While going through the phase of fast reconstruction, there is sharp demand for reality inputs of entire diversity. To encase this sector’s demands, many small firms have got established that are catering different requirements. Ranging from construction materials and mechanized equipment’s to labor and engineering, there are diverse orientations finding resurgence through Iraq’s growing construction sector. These orientations offer fine business opportunities to invest in Iraq.