The increasing number of foreign companies entering Iraq

Posted by on Oct 27, 2013 | Leave a Comment

01/07/2013 12:00 AM

said the Registrar of Companies at the Ministry of Commerce increasing number of foreign companies registered in the district in recent years. reviewed the director of foreign companies in the Ministry of Commerce Huda Ali told the (morning) stages of recording companies during the past years, saying that the year 2003 saw a record 6 foreign companies, noting that the year 2004 saw a record 254 foreign companies, while the number fell in 2005 to up to 140 companies only because Machdh that year of unrest and unstable conditions.

They pointed out that 2006 was the year in which registered only 39 foreign companies, confirms that the economic reality much affected by political stability. For Avcth that the year 2007 witnessed record 21 foreign companies only. Said that after the relative stability in the security situation The year 2008 witnessed record 45 foreign companies for up later and specifically in the year 2009 to 116 foreign companies.

Asserting that the year 2010 saw a rise in the number of foreign companies registered in the Iraq, where it reached 185 foreign companies have been registered to practice economic activities varied, and confirmed that there was a marked increase appear days after the last in the willingness of foreign companies to invest in Iraq, where it was registered 401 companies in the year 2011 what generates the conviction that the stability of the political impact of the economic boom.

reported that the number of companies that have been recorded during the year 2012 amounted to 457 foreign companies a variety of disciplines, including oil companies and other Construction and reconstruction of infrastructure and electricity, noting that the record companies until the middle of this year amounted to 162 and it is hoped to increase its presence in Iraq, especially after it emerged from Chapter VII of the Charter of the United Nations.

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