WELCOME TO THE LARGEST CONSTRUCTION SHOW IN IRAQIRAQ BUILD International Construction and Construction Materials Exhibition will take place in Bagdad, Iraq between 11-14 June 2019.
Iraq makes immense efforts to increase the production and waiting for international investment. Iraq is a country where many developed countries compete with each other for the share of the projects and tenders. According to Iraq Ministry of Construction and Housing, Iraq needs foreign companies, investors for school, hospital, road, bridge, housing and infrastructure projects.
Iraq is in the process of restructuring, has high potential and having a suitable environment for foreign investors in the country. Because of the restructuring process, it is anticipated that the construction materials, construction machinery and equipment market, especially cement, will continue to be dynamic in the coming years. According to Iraq Ministry of Planning, Iraq needs $ 100 billion in restructuring. Business friendly climate, duty free access and competitive labour costs have successfully created new investments and employment opportunities.
Also lots of public construction projects planned for improve Iraq's infrastructure and private sector investment is a need for housing acquisition. Iraq is looking for private investors to cooperate with state institutions.
IRAQ BUILD will provide your international business platform by enabling you to catch global investment opportunities, and build your brand in the region. The visitors had the opportunity to increase their awareness of the sector, share their experiences, and establish new business connections.
Iraq has also several agreements that grant duty free access to many countries, including European countries, South Korea and China.
INTERNATIONAL INVESTMENTS IN IRAQ:• $ 11.7 Million - Chinese President, Xi Jinping promises to help the Iraq government.
• General Electric (GE) has won the $ 1.4 billion worth power plant development, technological revision and maintenance tenders initiated by the Iraqi Ministry of Electricity.
• South Korea's Hanwha Engineering & Construction Corporation, the contractor of the "Bismayah" City project, which includes 100,000 homes, hospitals and schools, announced that 30% of the project was completed.
• Hospital project by Acarsan Holding, worth $ 200 million, will be the largest hospital in Iraq.
• $ 12 billion - the amount of credit the British Government has announced to give the Iraq government for infrastructure projects.