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Established in 2006 as a Community of Reality

Welcome to the Neno's Place!

Neno's Place Established in 2006 as a Community of Reality


Neno

I can be reached by phone or text 8am-7pm cst 972-768-9772 or, once joining the board I can be reached by a (PM) Private Message.

Established in 2006 as a Community of Reality

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Established in 2006 as a Community of Reality

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    58% of foreign investment in the region comes from the share of only 3 Arab countries... and Iraq fo

    Rocky
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    58% of foreign investment in the region comes from the share of only 3 Arab countries... and Iraq fo Empty 58% of foreign investment in the region comes from the share of only 3 Arab countries... and Iraq fo

    Post by Rocky Fri 25 Jun 2021, 7:44 am


    [size=30]58% of foreign investment in the region comes from the share of only 3 Arab countries... and Iraq for investors who "take risks"

    2021-06-25
    [/size]
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    Yes Iraq: Baghdad

    International data and reports show the level of disparity between Arab countries in terms of their preference by investors in the world until only 3 countries accounted for 58% of the volume of investment flowing into the Arab region, while Iraq is still at a weak level in terms of attracting investment, and global reports describe Iraq It represents a huge opportunity only for investors who "take risks".
    A report issued by the Arab Corporation for Investment and Export Credit Guarantee "Daman" showed that incoming foreign direct investment flows to Arab countries in 2020 rose by 2.5 percent to reach $40.5 billion.
    In its annual report on the investment climate in the Arab countries for the year 2021, Daman clarified that these flows represent their share of 6.1% of the total incoming flows to developing countries and 4% of the total global flows amounting to about $999 billion.
    She pointed to the continued geographical concentration of incoming flows, as the UAE attracted $19.9 billion with a share of more than 49% of the incoming flows, followed by Egypt with a value of $5.9 billion and a share of 14.5%, while Saudi Arabia ranked third with a value of $5.5 billion and a share of 13.6%.
    She stated that the Sultanate of Oman ranked fourth with a value of $4.1 billion and a share of 10.11%, then Lebanon ranked fifth with a value of $3.1 billion and a share of 7.6% of the total.
    She pointed out that the foreign direct investment balances received by Arab countries by the end of 2020 decreased by 3.75 billion dollars, at a rate of 0.4%, from 912.3 billion dollars in 2019 to 908.6 billion dollars in 2020.
    Three countries accounted for about 58 percent of the cumulative balances received in the region, as Saudi Arabia acquired $241.9 billion with a share of 26.6 percent, followed by the UAE with a value of $150.9 billion and a share of 16.6%, then Egypt with a value of $132.5 billion and a share of 14.6%.
    The Director General of the Corporation, Abdullah Al-Sabeeh, said that the investment climate in the Arab countries was negatively affected by the events and developments that the region witnessed, especially with regard to the repercussions of the spread of the new Corona virus (Covid 19) and the accompanying measures.
    Al-Sabeeh added that the classification of a number of Arab countries witnessed a decline during the year 2020 in the indicators of sovereign evaluation and a number of important indicators for measuring risks, in addition to the decline in the average ranking of Arab countries in indicators of innovation, human development, governance and competitiveness.
     
     
    The absent Iraq..a huge opportunity for “risk-taking” investors
    Iraq’s absence comes from among the advanced places in the global investment map in the Arab regions, at a time when international reports considered that Iraq has a huge opportunity for investors, but it identified investors “who bear risks,” noting that the agricultural sector is one of the most important sectors candidate for investment in the country.
    The International Investment Monitor newspaper, concerned with investment affairs, said that Iraq has enormous opportunities for investors who bear risks, noting that the World Bank estimates the reconstruction needs at 88 billion dollars.
    Attracting foreign direct investment is a key factor in the reconstruction of the country, especially in light of the lack of domestic financing, yet the investment climate in Iraq is attractive only to investors who have the highest degree of risk tolerance.
    The World Bank took the lead in rebuilding the country, with $355 million allocated for the Iraq Transport Corridors Project.
    Iraq is also looking to start work on an elevated metro system for Baghdad in the second quarter of 2022 in addition to a contract to rebuild Mosul Airport.
    In 2020, the Iraqi electricity sector agreed to contacts with General Electric and Siemens to modernize power plants and the transmission network in Iraq.
    John Menzies, a London-listed airport services company, won in 2020, a very positive sign for foreign investors.
    Corruption, institutional weakness, persistent security concerns, and onerous bureaucracy appear to be just some of the major impediments to investment in Iraq, a war-torn country whose peace remains fragile with two million people still displaced from the ISIS conflict.
    However, investors who have an appetite for the markets will discover the opportunity to participate in the renaissance of Iraq.
    The agri-food sector in Iraq is one of the few sectors of the economy, and represents a fertile place for investment in the non-oil scene in Iraq.
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