potential of Iraq’s construction & real estate
billion USD
$
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Construction output:
Expected to reach $100 billion by 2025
Billion USD
$
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Real estate investment:
Anticipated to hit $50 billion by 2025
Billion USD
$
0
Foreign direct investment:
Projected to attain $10 billion by 2025
Construction Projects and Real Estate in Iraq
Distinguished by its rich cultural heritage, Iraq also represents an emerging frontier for growth, particularly in its construction and real estate sector. This sector is an attractive domain for foreign investors due to its promising potential and host of opportunities.
Key Statistics
According to the United Nations Conference on Trade and Development (UNCTAD)'s "World Investment Report 2022" and the World Bank's Iraq Economic Monitor, Fall 2022: A New Opportunity to Reform, here are some promising figures underlining the potential of Iraq's construction and real estate sector:
- Construction output: Expected to reach $100 billion by 2025
- Real estate investment: Anticipated to hit $50 billion by 2025
- Foreign direct investment: Projected to attain $10 billion by 2025
Why Choose Iraq's Construction and Real Estate Sector?
Several factors make Iraq's construction and real estate sector a prime investment destination:
- Expanding Market: Iraq's construction and real estate market is both substantial and growing. The country's population is projected to surge by 20% within the next decade, fuelling a demand for new residential, commercial, and infrastructure projects.
- Governmental Backing: The Iraqi government has shown firm commitment to nurturing the construction and real estate sector. To attract foreign investments, it has enacted numerous laws and offers appealing terms to foreign investors.
- Investment Opportunities: The sector is rife with a plethora of investment opportunities. These encompass developing new housing projects, investing in commercial real estate, and building infrastructure projects.
- Saudi Investment: More recently, Saudi Arabia’s Public Investment Fund (PIF) announced that it would invest $3 billion USD in its northern neighbour Iraq through the new Saudi-Iraqi Investment Company, which is expected to pave the way for a raft of government implementation of laws and regulations to attract further overseas investors to the country. See Saudi Arabia’s Sovereign Wealth Fund report.
Our Services at USPC Group
At USPC Group, we offer personalised services catering to the distinct needs of investors in the construction and real estate sector:
Investment Guidance: We steer investors through the process of identifying and leveraging investment opportunities, such as new housing projects, commercial real estate, and infrastructure projects.
Regulatory Assistance: We provide insight into the local regulatory environment, helping investors navigate the legal aspects of their investments.
Market Analysis: We provide comprehensive market analyses, including present trends, future projections, and the regulatory landscape, to aid informed decision-making.
Government Liaison: We assist in facilitating smooth interactions with the government, ensuring that your projects align with the broader goals of Iraq’s construction and real estate sector.
Post-Investment Support: Our support extends beyond the initial investment, offering continued assistance through project monitoring and consultation.
Networking Opportunities: We connect investors with others in the field, fostering collaborations that can enhance project outcomes and returns.
Act Now
The construction and real estate sector in Iraq is rapidly evolving, brimming with potential for foreign investors who can help shape its future. Contact us at USPC Group today to learn more about how you can participate in and profit from this burgeoning industry. Together, we can cultivate a prosperous future for Iraq’s construction and real estate sector, yielding not only societal advancement but also rewarding returns on investment.