03 May 2024 
 
19 September 2016

Energy Iraq: Fast growing

Energy Iraq 2016, the 6th International Trade Exhibition for Power, Electrical Engineering, Alternative Energy & Lighting, will take place from 10 to 13 October 2016, in Erbil.

Photo: Christian Beuschel/pixelio.dePhoto: Christian Beuschel/pixelio.de
Energy Iraq has evolved into a larger, more specialized exhibition addressing the energy needs of Iraq, and is clearly partitioned to cover all aspects of the sector, including power, electricity, lighting and HVAC
More than 5,000 professional visitors attended the 6th edition of Energy Iraq. The specialized show dedicated to energy solutions across the construction and infrastructure sectors attracts a large number of industry leaders and provides a dynamic environment to access Iraq's markets. Energy Iraq 2016 is Iraq’s only comprehensive show dedicated to energy and water. The event attracts leaders in energy from around the world, giving them the opportunity to meet government officials and decision-makers from all over Iraq and showcase a comprehensive range of the latest energy and water technology, products and solutions in a fast-growing market with huge energy needs.

Increasing power generation

Iraq necessitates major efforts to increase its power generation and distribution in order to achieve self-sufficiency. In addition to 3.5 million new houses planned, the country also has a need for new hotels, office parks and manufacturing plants, as well as critical infrastructure development, increasing the demand for electricity, lighting and HVAC products.
The 5th edition of Energy Iraq, welcomed more than 150 exhibitors and more than 18,500 visitors.

Iraq - One of the Fastest Growing Emerging Markets in the World

With deep commercial traditions, vast natural resources - including the world's second largest oil reserves - and strategic ports and airports, Iraq occupies a pivotal position in the Arabian Gulf and Middle East region, and has the potential of becoming a major cost-effective trading and distribution location.
The country’s reconstruction efforts entail massive investment in all economic sectors, with government spending projected at US$ 98.45 billion in the 2012 budget, and over US$ 200 billion targeted in foreign investment over the next decade.

With that in mind, Iraq presents a window of opportunity for companies willing to invest in one of the world’s most significant emerging markets witnessing rising recovery, reconstruction and development needs across all sectors of its economy from basic infrastructure to housing, hotels, schools, and public building rehabilitation requiring not only large amounts of materials but also equipment and expertise.

Erbil - logistical hub for international companies

Erbil is the northern gateway to Iraq and is considered an attractive logistical hub for international companies. The stable northern region of Kurdistan is generating strong attention, thanks in particular to work by the Kurdistan Development Corporation to attract top-caliber international investors to the region. The Kurdistan regional government has taken important steps to ensure an investor-friendly legislative environment.

 

 

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