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Project Iraq 2009
12 October - 15 October 2009
The 2nd International Trade Exhibition for Construction Technology, Building Materials
The 2nd International Trade
Exhibition for Construction
Technology, Building Materials
and Equipment
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IRAQ CONSTRUCTION DRIVE OFFERS BILLIONS OF DOLLARS IN BUSINESS DEVELOPMENT PROSPECTS
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Iraq is in need of a full range of infrastructure related products, services and systems, including: hospital equipment and supplies, security products, building materials and equipment, electrical engineering and technology, lighting equipment, finishing products, hardware, tiles and stone, roofs material, road and rail machinery, oil production equipment and finance and telecom systems. Work on hundreds of major projects worth US$43.5 billion - pledged by the interim Iraqi government with funds from Iraq''s own oil revenues - is moving ahead.
Reconstruction contracts are no longer restricted to a number of countries. They are now being awarded and supervised by Iraqi ministries, a development that has encouraged suppliers and contractors from around the world to come forward and grab a share of the multibillion-dollar redevelopment process. It is estimated that over the next four years, Iraq''s new government will be spending more than US$150 billion on reconstruction of key sectors.
Construction industry players eyeing Iraq''s huge reconstruction process and the billions of business dollars it is generating will be able to display their products at the Project Iraq 2009 exhibition. Project Iraq 2009, organized at the northern gateway to Iraq, will highlight the vast scale of reconstruction needs in Iraq: power facilities and electrical grids have to be restored, oil and gas supplies nurtured, airports, roads and schools rebuilt and seaports transformed.
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REBUILDING OF IRAQ’S MAIN SECTORS & INFRASTRUCTURE TO COST OVER US$35 BILLION
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| United Nations and World Bank assessment of funding needs for reconstruction in Iraq identified 14 sectors and associated funding needs, worth US$36 billion, as shown in the table below. An additional US$20 billion in needs, including US$5 billion for security and police, and US$8 billion for oil industry infrastructure is also in the pipeline. |
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INVESTMENT IN KURDISTAN REGION BOLSTERED BY ONE OF THE OF THE MOST LIBERAL LAWS IN THE MIDDLE EAST
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| A new investment law for the Kurdistan region, offering generous incentives to foreign investors, is being cited as one of the most investor-friendly laws in the Middle East.
The legislation includes tax and customs breaks for up to 10 years from the start of operations. Subject to import licenses, equipment will be customs free and customs relief will be available for spare parts and raw materials.
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BE A KEY PLAYER IN THE WORLD''S GREATEST RECONSTRUCTION EFFORT
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Project Iraq 2009, the International Trade Exhibition for Construction Technology, Building Materials and Equipment, will highlight the ambitious reconstruction projects in Kurdistan region and the other Iraqi region. It will be one of the most comprehensive Iraq reconstruction trade event ever held in Iraq. The show is organized by IFP Iraq and IFP Group (International Fairs and Promotions) the region’s leading exhibition organizers with a successful record of more than 360 internationally-accredited trade shows in the Middle East over the past 28 years.
Project Iraq 2009 will offer exhibitors an exceptional opportunity to meet buyers and decision makers from all over Iraq. Participants will enjoy direct access to Kurdistan region and central Iraqi government officials and contractors involved hands-on with reconstruction projects throughout Iraq. Material supply and technical cooperation contracts worth millions of dollars will be signed.
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