Iraq Perspectives - May 2012

In This Issue:

- Introduction to Iraq Perspectives

- Project Finance in Iraq, Part 1: Project Ownership

- Iraq’s National Investment Commission

Excerpt from Project Finance in Iraq, Part 1...

Iraq is recovering from decades of war, sanctions and domestic unrest, and the country is in urgent need of all types of infrastructure — including power, manufacturing, transportation, telecommunications, housing, healthcare, and water. With Iraq’s oil production and exports on the rise, Iraq is now in a position to move forward with these projects, for which it will need significant foreign investment. In this article, the first in a series, we consider some of the key issues involved in project finance in Iraq, particularly with respect to the challenges associated with land ownership by foreign investors and the impact that this has on project finance structures.

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