Iraq to become "a Massive Success Story"
By Padraig O'Hannelly.
Iraq is experiencing unprecedented stability and security, creating significant opportunities for international businesses, according to Abir Burhan, Company Director of Al-Burhan Group (ABG), speaking at the Iraq Britain Business Council (IBBC) Spring Conference in London.
Burhan outlined how the operating environment has transformed dramatically over the past year, with the Iraqi government actively inviting international investment and reducing hostility towards foreign businesses. " We've been through the worst of it, and we finally see that Iraq is becoming really stable and secure, " he told delegates.
ABG has positioned itself as a facilitator for international companies entering the Iraqi market, partnering with established firms including Menzies Aviation and Air BP to operate ground fuelling services at Iraqi airports. The company has achieved international operational standards with no reported incidents, demonstrating the viability of high-quality service delivery in the country.
" We allow companies to operate in a safe environment, to actually do their job, rather than worrying about the hurdles of dealing with the Iraqi infrastructure, " Burhan explained.
The group has made substantial investments in Iraq's infrastructure over the past two years, including: A 300-room hotel development near Baghdad airport
Construction of 1,200 affordable housing units in Wasit province
Establishment of an operations centre to support international business activities
Burhan noted that ABG's security division has experienced reduced demand over the past year, which he views as a positive indicator of improving conditions. " We don't mind our security company not being busy, because we know that there are big advantages for businesses as well, " he said.
The Operations Director expressed optimism about Iraq's economic prospects, predicting the country will become " a massive success story " within the next five to ten years. He emphasised the current government's commitment to attracting international investment and the noticeable improvement in security conditions.
Burhan acknowledged the pivotal role of the Iraq Britain Business Council in facilitating international business opportunities in Iraq over the past decade, describing their work as instrumental in bringing projects to fruition despite various challenges.
The comments reflect growing confidence in Iraq's business environment as the country continues to rebuild and modernise its economy following years of instability.
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