The rebuilding of Iraq’s economy is quite possibly the biggest global
investment market in the Middle East to emerge in the last 7-8
decades.
Actually , all the sectors are open for trading business , with a largely
untapped market of a large number of public companies,
businessmen and tradersMore, than a lot, of institutions seeking more business knowledge,
related to a highest professional business revenue, besides;
- Its strategic location as one of the best trade seeking areas in the
Middle East. - Iraq’s recent 5 year rebuilding plan 2015-2020 includes more than
3000 projects, costing around US$ 200 billion, among them is the
Government‘s commitment to support the trading business, besides; - There is the possibility to organize and expand towards more
business activities and services. The best place to trade with is
Europe, in particular, Germany and The Netherlands. - The establishing procedure does not require facing any critical
barriers.
The industrial issues
From point view of industry, the essential factors, are mainly positive to be
taken in our consideration such:
- The structure of the business profession industry, its type, quality,
range, conditions, heterogeneity. - The outlook of the industry and its future trends, in particular, the
role of European recession at present time, has crucial effects on any
business activity to be undertaken by Samiramis where the future trends
in Iraq are positive for more present and future trading business. - In addition , it will be an encouraging business to the other related
Iraqi/ European companies to enter both the Iraqi/European
markets with the co-op of Samiramis, taking in account the time factor as
earlier is better. - In fact, any Foreign Service or production, in particular, from
Western European countries is a favorable point to the Iraqi industry
trading business and customers.
The Competition of other similar institutions
Another important factor plays a key role for success, is the role of the
competition in trading business mainly regarding:
- The competitors market
- Behaviors of the competitors, their financial power,
weakness or strength and their recognizable strategies. - Diversity of productions and services offered, their suppliers, and the technological features they have.
In short, there are weak competitors can compete developing such
profitable project in both Europe and Iraq.
The environmental factors
Iraq’s healthy economy is great, there are positive encouraging points
regarding:
- The development trends in the national income, economy integrity,
protectionism, expected inflation, recession which is facing the most
world at present time. - Iraq, in fact, is enjoying the reasonable prices of the crude oil, & raw
sulfur returns, with expected positive high returns economy future,
and; - The limited influence to consider the economic cycle’s problems on
Iraq. Although, most of the people are capable to bear a reasonable
percentage of the hightrade business costs.
All the above factors are also related to the political situation and its
healthiness.
In fact, it is not simply easy to enter the Iraqi market by the foreign
bodies, but, we can keep a company with them through Samiramis as a
bridge between the Iraqi and European business partners/parties.