FACTBOX-Iraq's non-oil deals, signed and in the pipeline

Tue Mar 2, 2010 10:14am EST

 BAGHDAD, March 2 (Reuters) - Just emerging from years of war and sanctions,
Iraq now hopes to lure foreign expertise and investment to help rebuild its
battered infrastructure.
 The country has major oil deals in the pipeline, but analysts say it must
grow its non-oil sectors if it is to have a viable economy and reduce
unemployment, which is still high seven years after the U.S. invasion.
 Last November, Iraq passed a law that would allow foreigners to own land for
housing projects, key to attracting the cash needed to build hundreds of
thousands of new homes.
 Although deals worth billions have been announced, there has been little
evidence of work on the ground.
 Violence has fallen sharply in Iraq in the last two years, but ongoing
attacks may deter some investors. Iraq's commercial, legal, and regulatory
frameworks are still largely untested.
 The following are details of non-oil deals announced or in the pipeline,
culled from Reuters stories and from websites concerned with doing business in
Iraq. Reuters cannot vouch for the accuracy of the information gained from
external sites:
 
$ Value       Company                 Country     Contracts    Province  Status
(millions)
-------------------------------------------------------------------------------
REAL ESTATE
15,000        Al-Maabar               UAE         Housing      Baghdad   Signed
1,700         Sigma International     U.S.        Housing      KRG       Signed
           Construction
           Atconz Real Estate      NZ
           Development
Up to 6,000   Bonayan International   UAE         Housing      Baghdad Competing
           Investment Group
           Al-Handal International
           Group
455           Sazman Kerman Ommran    Iran        Housing      Basra     Signed
18,000        Bloom                   UAE         Housing      Kerbala   Signed
20,000        N/A                     S.Korea     Housing      Habaniya  Signed
8,000         N/A                     Turkey      Idustrial    Nassiriya Signed
                                               City
5,000         Frank Ennis Company     Ireland     Housing      Basra     Signed
1,200         N/A                     Iran        Housing      Basra     Signed
500           Al-Murad Company        Lebanon     Housing      Nassiriya Signed
229           Iraqcan                 Canada      Housing      Baghdad   Signed
225           Iraqi Investment        Bahrain     Housing      Baghdad   Signed

HEALTHCARE
1,500         ACA Alliance            Australia   Hospitals    Various   Signed
           Universal Acarsan       Turkey
           Medical Services        Germany
750           N/A                     N/A         Hospitals    Various   Tender

INDUSTRY
200           Marubeni Corp (8002.T)  Japan       Cement       N/A       Signed
                                               plant
                                               rehabilitation
200           Mitsubishi Heavy
           Industries (7011.T)     Japan       Fertilizer   N/A       Signed
                                               plant parts
N/A           Scania (SCVb.ST)        Sweden      Vehicle      N/A       Signed
                                               assembly
N/A           Daimler (DAIGn.DE)      Germany     Vehicle      N/A       Initial
                                               assmbly                deal
228           Baker Hughes Inc(BHI.N) U.S.        Petrochem    N/A       Signed
                                               plant
3,200         STX Heavy Industries    S.Korea     Petrochem    Basra     Initial
                                                                      deal
204           Tawer Company           Iraqi       Cement    Sulaimaniya  Signed
                                               plant
614           Mawlawy Company         Iraqi       Cement    Sulaimaniya  Signed
                                               plant
N/A           Lafarge (LAFP.PA)       France      Cement    Sulaimaniya  Signed
                                               plant
328           SJCO Company            USA         Cement    Duhok        License
                                               plant


BANKING
1,500         Kuwaiti Trading Bank    Kuwait      Commercial Sulaimaniya Signed
                                               Bank
700           Byblos Bank SAI         Lebanon     Commerical   Arbil     Signed

20            HSBC (HSBA.L)           UK          70 pct stake Various   Signed
                                               Dar es Salaam
                                               Bank
N/A           NBK                     Kuwait      75 pct stake    N/A    Signed
                                               Credit Bank
N/A           Qatar National          Qatar       26 pct stake    N/A    Signed
           Bank                                Mansour Bank
N/A           KIPCO                   Kuwait      51 pct stake  Baghdad  Signed
                                               Bank of Baghdad
N/A           Aayan Company           Kuwait      49 pct stake   N/A     Signed
                                               Economy Bank
N/A           Al-Ahli Bank            Bahrain     49 pct stake   N/A     Signed
                                               Commercial Bank
N/A           Capital Bank            Jordan      49 pct stake   N/A     Signed
                                               National Bank
                                               of Iraq
MIXED PROJECTS
5,000         N/A                    Australia    Power        Nassiriya Signed
                                  Lebanon      housing
                                               communication
2,000         Ajman Co               UAE          Cement plant, Diwaniya Signed
                                               medical centre
500           N/A                    Lebanon      Housing,      Diwaniya Signed
                                               Dairy factory
240           Dhifaf al-Nahrain      Iraq         Housing,       Baghdad Signed
                                               hotels, malls
ELECTRICITY
About 4,700 General Electric (GE.N), U.S.         Gas turbines   Various Signed
         Siemens (SIEGn.DE)       Germany      
N/A         30 companies             Various      5,000 MW stake Various Tender
                                               in GE/Siemens
                                               turbines
255         Lavalin Group,           Canada       Turbine        Various  Signed
         URUK                     Jordan       installation
         
200         General Electric (GE.N)  U.S.         Gas turbines   KRG     Signed
250         Taqa                     UAE          Power Plant    Baghdad Signed
N/A         33 companies             Various      Installing     Various Tender
                                               24 gas turbines
TOURISM
177        Volga Real Estate Company UK           Royal Hotel    Arbil   Signed
100        Summit Hotels             USA          Baghdad Rotana Baghdad Pending
150        Al-Ataba                  Germany      Al-Rafidain    Baghdad Signed
                                               Resort
35         Malya al Qabidha Co       Lebanon      Rotana Hawler  Arbil   License

 
TELECOMS
1,000      Q-Tel                     Qatar        Investment     N/A     Signed
                                               in Asiacell
2,500      Zain                      Kuwait       Investment in  Baghdad Signed
                                               Iraqna
80         Trade Links               Kuwait       Investment     N/A     Signed

TRANSPORT
3,000      N/A                       Various      Railway        Baghdad Tender
                                               network
Up to 4,000 N/A                      Various      Metro          Baghdad Tender
                                               rail
42         Aeroport de Paris         France       Airport        S.Iraq  Signed
        (ADP.PA)                               design
50         Aqeeq Aviation            Kuwait       Airport        Najaf   Signed
N/A        N/A                       N/A          Expand Umm     Basra  Planned
                                               Qasr port
 
 Sources: Reuters, Northern Gulf Partners, Iraqi government sources,
www.trade.gov/iraq/ www.investpromo.gov.iq/ 
here
 (Compiled by Aseel Kami and Mohammed Abbas; Editing by Michael Christie)

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