republic of iraq al-anbar investment commission invest in anbar

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Republic of Iraq Al-Anbar Investment Commission Invest in Anbar

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Page 1: Republic of Iraq Al-Anbar Investment Commission Invest in Anbar

Republic of IraqAl-Anbar Investment

Commission

Invest in Anbar

Page 2: Republic of Iraq Al-Anbar Investment Commission Invest in Anbar

Invest in Anbar

Page 3: Republic of Iraq Al-Anbar Investment Commission Invest in Anbar

Republic of IraqAl-Anbar Investment Commission

Common Questions: Information The environment for investors Practical Steps

Page 4: Republic of Iraq Al-Anbar Investment Commission Invest in Anbar

Republic of IraqAl-Anbar Investment Commission

For over 30 years, Iraq was a highly centralized economy. 30 years of underinvestment and no private sector

Page 5: Republic of Iraq Al-Anbar Investment Commission Invest in Anbar

Republic of IraqAl-Anbar Investment Commission

Location: The Western territory of the country. Borders three country, Syria, Jordan

and Saudi Arabia. Provincial capital is Ramadi which is

about 120 km from Baghdad. 138,228 sq. km in size, about 38,000 sq.

km bigger than S. Korea, and about 39,000 sq. km bigger than Jordan, and roughly one quarter the size of Pakistan

Anbar consists of eight districts.

Page 6: Republic of Iraq Al-Anbar Investment Commission Invest in Anbar

Republic of IraqAl-Anbar Investment Commission Transportation Routes:

Saudi Arabia

Syria. Approximately 800 km to the port of Al-Ladiqiyya

JordanApproximately 600 km from the port of Aqaba to Traibeel

Page 7: Republic of Iraq Al-Anbar Investment Commission Invest in Anbar

Republic of IraqAl-Anbar Investment Commission

Anbar Lakes

Page 8: Republic of Iraq Al-Anbar Investment Commission Invest in Anbar

Republic of IraqAl-Anbar Investment Commission

Population: 1,600,000

Most of them are located in cities and towns such as Ramadi, Fallujah, Al-Qaim, Hit, Haditha, Anah, Rawah, Kabisa,

Page 9: Republic of Iraq Al-Anbar Investment Commission Invest in Anbar

Republic of IraqAl-Anbar Investment Commission Why Anbar:

Abundance of raw materials and natural resources such as: oil and gas, Silicate, Bentonite, Kaolin, Iron, Magnesium, Lime Stone, Phosphate Rocks, and Bauxite.

Abundance of water: Euphrates, three lakes, and groundwater

Abundance of fertile land Local and regional markets Eager labor force in multiple fields

Page 10: Republic of Iraq Al-Anbar Investment Commission Invest in Anbar

Republic of IraqAl-Anbar Investment Commission

Progress: Investment in the past three years reached two billion

USD in various sectors. Security is always improving. No foreign project has

been attacked in Anbar. Anbar’s budget is which is spent on developing the

infrastructure in the province.

Page 11: Republic of Iraq Al-Anbar Investment Commission Invest in Anbar

Republic of IraqAl-Anbar Investment Commission

An Overview of Investment Law 13 of 2006

and

Anbar Investment Commission

Page 12: Republic of Iraq Al-Anbar Investment Commission Invest in Anbar

Republic of IraqAl-Anbar Investment Commission Al-Anbar Investment Commission (AIC)

was established in 2008 in accordance with Investment Law 13 of 2006 in order to:

Promote investment opportunities within the province

Assisting qualified investors in taking full advantage of the investment law and overcoming any challenges. This includes obtaining property for the project and all related permits through the one-stop shop.

Create the investment map for the province

Page 13: Republic of Iraq Al-Anbar Investment Commission Invest in Anbar

Republic of IraqAl-Anbar Investment Commission Benefits of the Investment Law:

Transfer capital and profits abroad Trade in the Iraqi Stock Exchange Establish investment portfolios Lease the land required for the project for 50 renewable years The right to retain the land in housing projects

Page 14: Republic of Iraq Al-Anbar Investment Commission Invest in Anbar

Republic of IraqAl-Anbar Investment Commission Guarantees:

The right to employ non-Iraqis Facilitate entry and exit to and from Iraq and residency for the investors and those

employed in the project The right to transfer wages abroad The right to sell the exempted assets or relinquish it to another eligible investor The right to sell the assets to another project not covered by the investment law The right to import the exempted assets The foreign investors enjoy additional benefits according to international agreements

between Iraq and the investor’s country or according to multilateral agreements, in which Iraq is a signatory

Page 15: Republic of Iraq Al-Anbar Investment Commission Invest in Anbar

Republic of IraqAl-Anbar Investment Commission Exemptions:

Exemptions from taxes and fees for ten years Exemptions on imported assets for the investment project Spare parts imported for the project are also exempt Projects for hotels, tourist institutions, hospitals, health facilities,

rehabilitation centers, and educational and scientific organizations shall receive additional exemptions on import fees for the furniture, furnishings and supplies for the purpose of modernization and renovation once every 4 years

Page 16: Republic of Iraq Al-Anbar Investment Commission Invest in Anbar

Republic of IraqAl-Anbar Investment Commission

Current Investment Opportunities in Anbar

Page 17: Republic of Iraq Al-Anbar Investment Commission Invest in Anbar

Republic of IraqAl-Anbar Investment Commission

Opportunity No. 1

Building a state-of-the-art Glass Factory (Floating Glass).

The Silicate available in Anbar is considered to be the purist in the world, with purity reaching 98% and low iron content.

Page 18: Republic of Iraq Al-Anbar Investment Commission Invest in Anbar

Republic of IraqAl-Anbar Investment Commission

Opportunity No. 2

Nitrogen Fertilizer FactoryThere is an abundance of Gas in Al-AnbarExcellent local and regional markets

Page 19: Republic of Iraq Al-Anbar Investment Commission Invest in Anbar

Republic of IraqAl-Anbar Investment Commission

Opportunity No. 3

Dairy Farms Fodder production farms Dairy products factory Breeding and raising cows

Page 20: Republic of Iraq Al-Anbar Investment Commission Invest in Anbar

Republic of IraqAl-Anbar Investment Commission

Opportunity No. 4

Health Tourism Sulfur springs in Hit Hotel + health and tourist resorts

Page 21: Republic of Iraq Al-Anbar Investment Commission Invest in Anbar

Republic of IraqAl-Anbar Investment Commission

Please contact Anbar Investment Commission for:

Additional details on Greenfield and Brownfield investment opportunities, unique to Anbar.

The support and privileges available to investors Our Investor One Stop Shop for all your investor

needs and coordination with government entities

Page 22: Republic of Iraq Al-Anbar Investment Commission Invest in Anbar

Republic of IraqAl-Anbar Investment Commission

Mr. Amer Farhan

Chairman

[email protected]

Page 23: Republic of Iraq Al-Anbar Investment Commission Invest in Anbar

Republic of IraqAl-Anbar Investment Commission

Thank You