Iraq, a country with an enriched history and culture, also possesses immense potential for growth, particularly in the technology sector. This sector forms an integral part of the economy and is witnessing rapid growth.

Current Statistical Figures

1. Information and Communications Technology (ICT) Sector: The ICT sector significantly contributes to the Iraqi economy, accounting for 10% of the GDP in 2022.
2. Internet Users: There are currently over 20 million internet users in Iraq, a number predicted to grow to over 30 million by 2025.
3. Mobile Phone Subscribers: Iraq boasts over 40 million mobile phone subscribers, with estimates suggesting a rise to over 50 million by 2025.

Why Invest in Iraq’s Technology Sector?

Iraq’s technology sector presents several compelling reasons for investment. These include:

Large and Growing Market: Iraq’s large and growing population fuels a demand for technology products and services. With the population predicted to grow by 20% in the coming decade, the demand for technology-based services and products will only rise.

Government Support: The Iraqi government is fully committed to nurturing the technology sector. It has introduced several laws to draw foreign investment in the sector, offering attractive terms to overseas investors.

Investment Opportunities: The technology sector in Iraq is replete with investment opportunities. These range from investing in technology startups, developing tech products and services, to providing technology consulting services.

Our Services

As a leading brokerage and financial consultancy service, we offer an array of services designed to assist your entry and growth in Iraq’s technology sector:

1. Robust Internet Service Provider: We help in establishing reliable internet services that cater to your specific needs, ensuring smooth digital operations.
2. Insights on Cloud and Data Centres: Our team provides critical insights into the needs of cloud and data centres across various sectors, including government, universities, education sector, and the private sector.
3. Cybersecurity: With the increase in digitisation comes the necessity for cybersecurity. We offer cybersecurity solutions and consultation to safeguard your digital assets.
4. Comprehensive Consultancy: We provide comprehensive consulting services in technology, advising on current trends, investment opportunities, potential pitfalls, and profitable strategies.

Conclusion

Iraq’s technology sector, with its promising growth trajectory and support from the government, presents a multitude of opportunities for foreign investors. If you are looking to invest in a thriving sector in Iraq, the technology sector is a perfect starting point.

Contact Us

For more information about investing in Iraq’s technology sector, please contact us today. We are ready to discuss your investment needs and illustrate how we can help in making your investment a fruitful endeavour.

Call to Action

The technology sector in Iraq is an exciting, rapidly evolving industry. With the right investment, foreign investors can play an instrumental role in shaping its future. Contact us today to learn more about how you can be a part of this transformation.

References

1. The World Bank, “Iraq Economic Update, September 2022”
2. The Economist Intelligence Unit, “Iraq: Transportation Sector Report, 2022”
3. United States Agency for International Development – Iraq: Information and Communications Technology (ICT)

Please note that these figures are subject to change as the technology sector in Iraq is in a state of constant evolution. However, they give a general picture of the sector’s size and growth potential.