Iraq Is Finally A Viable Investment Opportunity » Gulf Business

A clear indication of the trade build up between Iraq and other Gulf countries is that some GCC members, such as Kuwait, want Iraq to join the bloc. Currently the UAE is Iraq’s primary trading partner with total 2012 trade estimated to reach up to $7 billion, up more than seven per cent on 2011.

In spite of the negatives, Iraq is one of the world’s fastest growing economies with double digit GDP growth predicted over the next three years. The federal budget is expected to reach $120 billion in 2013 and increasing steadily up to $200 billion by 2015, allowing a continuing high level of government spending to improve infrastructure and boost oil exports.

To read the full text of this article, Gulf Business January 2013: Iraq Is Finally A Viable Investment Opportunity » Gulf Business.

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