WHY IRAQ
A Growing Market and Sports Hub
Iraq, strategically located in the Middle East, is rich in natural resources, especially oil, making it a key global energy player. The country is modernizing its infrastructure and economy, creating new opportunities for investment.
With a focus on developing sports facilities and hosting international events, Iraq is rapidly growing as a hub for sports tourism and business. Its young population offers strong potential for sports-related investments and growth.
Strategic Location & Economic Importance
- Central Position: Iraq is located at the crossroads of the Middle East, connecting East and West.
- Regional Access: Borders key countries, making it an ideal hub for trade and business.
- Trade Routes: Benefits from major infrastructure projects like the Iraq-Turkey oil pipeline, enhancing market access.
- Economic Hub: Rich in natural resources, especially oil, attracting global investment.
Investment Incentives & Economic Growth
- Government Support: Tax exemptions, customs duty relief, and full foreign ownership rights attract international investors.
- Investment Law: Iraq’s Investment Law (No. 13 of 2006) simplifies business registration and protects foreign investments.
- Oil & Gas Sector: As one of the world’s largest oil producers, Iraq attracts major investments in energy and related industries.
- Economic Diversification: Expanding into agriculture, manufacturing, construction, and tourism to reduce reliance on oil.
Emerging Sports Industry & Youth Engagement
- Sports Infrastructure: New academies, training facilities, and stadiums are being developed for national and international competitions.
- Youth Participation: Increasing interest in football, basketball, volleyball, skateboarding, and cycling is driving athletic growth.
- Recreational Spaces: Initiatives like Baghdad’s first skate park promote active lifestyles and youth engagement.
- Market Potential: The expanding sports sector presents opportunities for events like the Iraq Sport Show to connect with dynamic audiences.