Encouraging the development of small and medium sized enterprises in Iraq
Khaled Saqqaf
Al Tamimi & Company
Baghdad
Khaled Saqqaf (Bio)
The growth of Iraq's economy and the continued development of its local market have been stagnated by decades of war and political unrest. To exacerbate matters further, the country's overwhelming dependence on oil revenues as well as its reliance on large nationalised industries, have severely stifled attempts by investors, particularly small and medium sized enterprises, to enter into the Iraqi market. Add to this, high start-up costs, ongoing power, water and electricity shortages, major security threats, and uncertainty regarding the future of Iraq, it comes as no surprise that the development of a truly competitive market in Iraq continues to face many hurdles.
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