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