Title: ZCO
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2- Coordination
- of
- Public and Private Sector
- Economic Development
3IRAQ ECONOMIC DEVELOPMENT GROUP
MISSION The Iraq Economic Development Group
(IEDG) will become Iraqs premier economic
development organisation by coordinating public
and private economic development efforts.
High-return commercial projects will encourage
private investment as well as facilitate the
expansion and development of critical Iraqi
infrastructure. Coordinated public and private
investment will fuel economic growth and
continued employment growth by maximizing the use
of Iraqi companies and Iraqi labour.
4 IEDG Functions
- Develops investment and other development
projects - Coordinates individual projects
- Develops and maintains high quality participating
Iraqi and International membership - Develops and maintains Ministry and Directorate
relations - Consults for Public Planning and Development
Training for public servants - Provides full spectrum business services
including customs, licensing, and legal advice
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7IEDIG ORGANISATION
IEDIG
IEDIG North
IEDIG South
IEDIG Central
Dohuk
Baghdad
Al-Basra
As-Sulaymania
Diyala
Erbil
Mayssan
Al-Anbar
Babil
Ninawa
Dhi Qar
An-Najaf
Wasit
Kirkuk
Al-Muthanna
Al-Qadisiya
Karbala
Salah ad-Din
8IEDG Investment Initiatives
- Financial Investment- traditional company and
project investments - Intellectual Investment- project management,
training and consulting talent across all sectors
of business and government. - Product/Services Investment- Consistent and
quality products and services
9Why Iraq?
- Probably the highest potential for growth in any
developing economy in the world. - Exceptional natural resources 2d largest oil and
gas reserves in the world plenty of water - 28 million people well developed human
resources high literacy rate
10Why Iraq Now?
- Devastated economy that requires more than 300B
to rebuild infrastructure alone! - Iraq needs everything!
- Investment now is ground floor investment! It all
gets better from now on!
11Economic Climate in IraqOpportunities
- Vacuous! Iraq needs more than 200B to develop
into a fully capable economy. In addition to
infrastructure there must be new manufacturing,
agriculture, agro-business, industry,
transportation, housing, extensive services in
banking and telecommunications. - Improving rapidly as security improves
- Limited foreign investment to date. Opportunities
are everywhere!
12Economic Climate in IraqChallenges
- Poorly developed financial markets. ISX growing,
banks are few and limited capacity. - Poorly developed marketing resources
- General lack of services
- Security concerns in some locations
- Corruption
- Lack of transparency
13Employment
- Unemployment is estimated at between 30-50.
- Under employment pushes the total work force even
higher. - The work force is mostly literate and has a high
aptitude for learning new skills. - Workers are well trained in basic technical
skills though their technology base is dated.
14Investment Priorities
- IEDG sees agriculture, energy, telecommunications,
hotels and construction material manufacturing
as the most lucrative investments in the short
term. In the medium term, general manufacturing
and housing are good prospects. Long-term
investments will be in large scale
telecommunications and banking along with larger
scale port expansions, maritime repairs steel
production.
15IEDG Strategic Projects
- Agriculture
- Housing
- Finance
- Communications
- Industry
- Manufacturing
- Health
- Oil and Gas
- Transportation
- Utilities
- Hotels
- Real Estate
- Amusement
- Tourism
16Commercial Projects In Development
44 projects in development Investment required
4.9B Estimated 5-year profits 15B Annual
Internal Rate of Return 47
17Potential
- 79B in UK exports for reconstruction and
economic development - 3 UK jobs for every job created in Iraq or full
employment - 6 unemployment in Iraq
18IEDG UK Strategy
- Develop the UK market to supply the needs of Iraq
through the coordinated efforts with the UK
government and private sector. - Establish private sector strategic relationships
to efficiently and rapidly process and transport
required materials and consumer goods. - Focused training programmes for UK and Iraqi
workers.
19Consequences
- Increased employment in Iraq and UK
- Expansion of UK production capacity
- Development of Iraq market for UK goods of all
types - Enhanced UK competiveness in EU
20HOW TO TRADE IN IRAQ The Easy Way
- Register with IEDG
- Subscribe to IEDG Membership
- Develop Marketing Strategy with IEDG
- Let IEDG do the rest
21What Does IEDG Do?
- Introduces your product to Iraq.
- Establishes distribution networks.
- Executes your marketing campaign
- Eliminates export documentation
- Eliminates Iraq import documentation
- Minimizes the use of Letters of Credit
- Takes delivery of your product in the UK and
delivers in Iraq. - Pays for your product on delivery in UK.
22SUMMARY
- IEDG is an economic development company. Business
provides the energy economics directs the
strategy. - IEDG provides significant private investment in
Iraq and UK. - IEDG coordinates public-private investment.
- IEDG coordinates nationwide marketing of your
products
23The Iraq Economic Development Group The Gumption
Centre Glydegate Bradford BD5 0BQ Website
www.investmentsiraq.org E-Mail
info_at_investmentsiraq.org Tel - 01274
299321