Doing Business in Iraq Organized by NICH Hotel Bijhorst Wassenaar 30 June 2004

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Doing Business in IraqOrganized by NICH Hotel
Bijhorst - Wassenaar 30 June 2004

• A.K. Faraj (Mukiriani)
• Iraq Dutch Group
• www.iraqdutch.com
• info_at_iraqdutch.com

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Kid from Kurdistan waiting for the Future
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Our Children in Holland enjoying the Future
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Artificial Cave more than 2000 Mtr. high
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Remains of one Saddams palaces in Kurdistan
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Kurdistan Landscape - Sarsang
Former Royal Family Palace
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Folklore Dance Wedding Party in Open Air
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Current Market Domination Business
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Potato Seeds imported from Holland
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Iraq Dutch Trade Center Erbil
Minister of Agriculture opening IRDTC Erbil
(30 Room Offices) 14 January 2004
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Iraq Resources

• National GDP USD. 17-22 billion.(2004 World
  Bank).
• National GDP Grow Rate 33.
• Per capita USD. 620-810.
• Crude oil export revenue will reach 13 billion
  for 2004 (crude oil export revenue from June 2003
  to June 2004 was more 10 billion).
• Crude Oil, confirmed reserve 112 billion barrels
  and probable reserve 200 billion barrels,
  classified as worlds 2nd largest reserves.
• Oil production is expected to exceed 3 million
  b/d this year, and probable to reach 5 to 10
  million b/d in future.
• Gas, 110 tcf reserve of NG, classified as worlds
  10th largest reserves not yet explored for
  export.
• 20 pct of Iraqis territory is farm land (twice
  as the Netherlands).
• Well trained and well educated population.

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Trade Bank of Iraq TBI

• Was formed in July 2003 and became operational in
  December 2003.
• The Trade Bank of Iraq has issued Letters of
  Credit totaling over USD. 1 billion to 39
  countries.
• TBI supported by a consortium of International
  banks led by JP Morgan.
• ING Bank is a member of participating Consortium
  Banks.
• For more information link tohttp//www.TBIraq.com
  

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Why Erbil (Capital of Iraqi Kurdistan)

• Regional Government in Erbil is functioning and
  well administrated.
• Investment Law has been enforced allows 100
  foreign ownership of investment.
• Relatively peaceful (No one foreigner been killed
  or kidnapped in Kurdistan since fail of Saddam).
  
• Great needs for development of infrastructures..
• Kurdistan produces 40 of barley, 12 of
  grain 30 of cotton and 50 of fruit of Iraq.
• Strategically located less than 150 minutes
  drives to Turkey, Syria Iran.

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Strength Weakness

• Weakness
• Present unrest.
• Unemployment, 70 of the population (Iraqi
  Ministry or Planning).
• Increase of social crimes in Baghdad, Basrah
  Mosul.
• Strength
• Huge business opportunities.
• Well educated and trained Iraqis.
• Availability of cheap raw materials for
  Agriculture, Food and Petrochemical Industries.

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Why we have to go to Iraq

• Dutch Companies are far behind the others who
  are doing business actively in Iraq with close
  support of their Governments.
• Being in Iraq will serve short and long term
  business for Dutch Trade Industry.
• There are successful individual attempts to setup
  footstep in Iraqi market, Philips advertising to
  market its products soon in Iraqi market.
• Waiting and watching the business in Iraq gives
  free unchallenged market share to our competitors.

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How to challenge Iraqi market

• To be there.
• To think big.
• To identify project.
• To execute feasibility study.
• To have local partners.

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It Is Time To Change

• Careful Dutch term to be replaced with
  challenging new and big ideas.
• The Dutch Government has to follow Japan South
  Korea scenarios in Iraq (Japan donation to Iraq
  reconstruction will reach USD 5 billions).

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Iraq Dutch Trade Center Erbil (IDTC)

• Mukiriani Holland B.V. and General Investment
  Corp (Dabin group) have founded Iraq Dutch Trade
  Center in Erbil to cover activities of our
  partners and members supported by
  representatives offices in the Sulaimania, and
  Baghdad.
• Subsidiaries and/or independent companies related
  to our activities will be established when the
  activities require such subsidiaries.
• IDTC Activities
• Participation in projects development.
• Direct marketing of branded products.
• Bridging (bidirectional) the Dutch Industry
  Services with Iraqi Partners.

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Bridging Holland ? Iraq