A country that used to be at war is rising quietly. Yes, it's Iraq! This Middle East country has become the "hot cake" in the eyes of global investors.
What kind of magic has turned this war-torn place into a hot spot for investment?
Iraq is a big oil country. It is said that its oil reserves are up to the fifth in the world! This is an inexhaustible "money bag".
Most importantly, the Iraqi government is still desperately increasing its oil production, cooperating with a group of multinational energy companies, and its production and export capabilities are rising slowly. Now, in the international oil market, Iraq is also a vassal.
Iraq has been engaged in infrastructure construction for years, which is called a madness. Electric power, transportation and communication, which is not on the fast track?
This is not only to improve the level of infrastructure, but also to attract global construction and engineering companies to share this big cake. Think about the opportunity of post-war reconstruction, which is more profitable!
The Iraqi government is not building a car behind closed doors. People know that to develop the economy, they must open the door to foreign investment.
As a result, it is simpler to register a company, less restrictions on foreign investment, and a higher proportion of shares. After this operation, Iraq is attractive to foreign investors!
Opening up is not enough. The Iraqi government has also offered a series of preferential policies. For foreign enterprises investing in energy and infrastructure, there are tax exemptions; The newly issued Investment Law clearly protects the rights and interests of foreign investors.
These preferential measures undoubtedly make Iraq more attractive for investment.
The Iraqi government knows that oil alone will not do. So in recent years, agriculture and manufacturing have also become key development targets. Make full use of its advantages in land and water resources to vigorously develop modern agriculture; Improve the technical level and competitiveness of the manufacturing industry through tax incentives and the introduction of foreign capital. Iraq is making every effort to build a diversified economic structure to lay the foundation for long-term development.
The changes in Iraq over the years are really striking. From the development and utilization of oil resources, to comprehensive infrastructure investment, to the opening and preferential policies for foreign investment, Iraq is making every effort to create an attractive investment environment.
Of course, challenges and risks also exist, and security and political stability remain the focus of attention. However, judging from the current development trend, Iraq is moving forward steadily. Then the question arises. If you were an investor, would you consider including Iraq in your investment territory? Why?
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