🌍 International Experts: Iraq Emerging as a Prime Destination for Business & Investment

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🌍 International Experts: Iraq Emerging as a Prime Destination for Business & Investment

Iraq is rapidly gaining attention on the global stage as a promising destination for business, investment, and long-term economic partnerships. During a recent seminar titled “Doing Business in Iraq”, organized by the Iraqi British Business Council (IBBC) in cooperation with the British Chamber of Commerce in Turkey (BCCT), international experts highlighted the growing opportunities in the Iraqi market and the country’s accelerating economic transformation.

🚀 Strong Infrastructure Growth & Government Support

John Wilkes, former British ambassador to Baghdad and current member of the IBBC advisory board, praised Iraq’s flourishing infrastructure, noting that the new government appears committed to maintaining its strategy of encouraging investment, supporting development projects, and modernizing the economy.
Wilkes emphasized that Iraq’s long-term trajectory is increasingly attractive to global companies seeking expansion in the Middle East.

💼 Iraq Seen as a Promising Investment Environment

Participants in the seminar unanimously agreed that Iraq represents one of the most promising business destinations in the region. They stated that international cooperation—especially between Iraq, the United Kingdom, and European partners—plays a crucial role in fostering sustainable economic growth, expanding trade, and improving the country’s integration into global markets.

🔐 Stable Security Conditions Support Business Activity

Robin Steelick from the Pilgrims organization provided an assessment of the security environment in Iraq. He explained that while some localized disturbances can occur, the overall security situation remains stable and manageable

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, especially for companies with proper local guidance.
This stability, he noted, continues to encourage multinational corporations to explore investment opportunities inside the country.

📊 Positive Economic Fundamentals & Increasing Growth

Jamil Shukair, CEO of SC Middle East, offered an overview of Iraq’s financial landscape. According to Shukair, the fundamentals of the Iraqi economy are developing in a positive and sustainable direction, driven by several key factors: