| Why Invest in Basra? |
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| Wednesday, 29 April 2009 13:06 | |||
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1-Location,Basra enjoys being in an area of geographical importance to Iraq and the world.It is in neighbor with three states -Kuwait, The Kingdom of Saudi Arabia and Iran-and command to top of Arabian Gulf. Basra provides sea access; Basra has the only marine transportation point in Iraq. 2-Basra has an abundance of energy sources especially oil and natural gas. With competitive prices, Basra can guarantee energy supplies over the long term. Assured oil reserves in Basra amount to more than 67.8 billion barrels. This is about 59% of all oil reserve of Iraq. A great deal of Iraqis oil is exported through Basra's harbors. 3-Abundance of crude material for some industries and there is a capacity to extract such material. 4-Basra has a vast local market built upon a foundation of 3 million individuals. Basra is the gateway to all of Iraq and can provide goods and services through its promising market of some 31 million individuals. 5- In Basra,where there resides numerous professionals in many fields. It is supported by an extensive and relatively inexpensive labor . 6- Abundance of some basic industries that provide raw materials. 7-Competitive industry operating costs compared to similar industries in other world states. 8- Basra has lots of land to land to choose from, to locate in and expand - room to set up new industrial projects. 9- Basra has enormous agricultural potential -huge capacities for planting and growing. 10-Existing infrastructure can attract investment. For instance Basra Airport, Um Qasr harbor, Fao harbor, its rail way lines, road networks Basra with Iraq provinces and neighboring countries are in place. Also there are several power stations that can be developed to meet local and foreign investment requirements. 11-Basra tourism potential is legendary - full of archeological, traditional and religious locations that can form an ample field of opportunity for foreign investment. 12- Possibility of realizing a productive benefit and freedom of transforming revenues and basic of investment aboard. 13-Investment in Basra is supported by clear laws and simple processes to obtain investment license. 14- Basra facilitates investment privileges such tax and customs fee exemptions. 15-Local public opinion welcomes investors.
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| For more information |
Basra investment commission is developing its site in order to provide more abilities, services and news. If you have any inquiries or commentary about services that we offer. Please contact us on our e-mail [public.relations@investbasrah.com] and we will answer your inquiries during one day. If you have investment opportunities contact us on [info@investbasrah.com] With a great appreciation Department of Public Relations |