The Future of Iraq

18.03.2021

Willkommen! Welcome!

!هلا وسهلا Bi xêr hatî!

Herwig Neuper

Wirtschaftsdelegierter für den Irak

Commercial Counsellor for Iraq

AGENDA

• Welcome

• Opening Remarks by H.E. Baker Fattah Hussen, Iraqi Ambassador to Austria

• Bilateral facts Austria - Iraq

• Introduction of the speakers

• 1st round of presentations of company representatives

• 2nd round of discussion with company representatives

• Questions & Answers

The Future or Iraq

OPENING REMARKS

H.E. Baker Fattah Hussen,

Iraqi Ambassador to Austria

The Future or Iraq

A few facts about Iraq

• Population: 40.2 Mio

• Impact of Corona Virus

• Real GDP growth: 2020: -11.2%

2021-2023: 1-4%

• Exports: 98,1% Oil and Gas

• Diversification and Reforms needed

The Future of Iraq

Source: The Economist Intelligence Unit Source: The Economist Intelligence Unit

Source: The National

Austria - Iraq

• Potential: Project Business, Consulting- and Engineering, Mining, Cyber-Security,

Consumer Goods

© Pinterest

• Exports to Iraq 2020: EUR 61.8 Mio (-15%)

• Imports from Iraq 2020: EUR 216.5 Mio (-52,1%)

© Woerle © Red Bull © theguardian © MED-EL

The Future or Iraq

Who would have thought?

© Doppelmayr© Jehan Hashim© Enno Lenze

The Future or Iraq

Speakers

• Mr. Rawas Ibrahim, CEO, Green Eastland

• Mr. Rami Kawar, Managing Director, Mondi Kaso Iraq

• Mr. Musab Alkateeb, Managing Director, Siemens Energy Iraq

Rawas Ibrahim CEO, Green Eastland

From the Seed to the Fork

Rawas Ibrahim, rawas@greeneastland.com

Erbil Food Distribution Center

• 500.000 m2

• over 380 shops

• over 200 cold storages

• Main storage of biggest supremarket

chain of Iraq, TeamMart

• High-tech greenhouses – 750.000 m2

• World Horti Center

Rami KawarManaging Director, Mondi Kaso Iraq

Largest local paper bags producer serving the Iraqi cement industry

Mondi Kaso Iraq Subsidiary of Mondi Austria Operational in Iraq since 2012

Kurdistan Region, North Iraq

Sulaymaniyah City

State of the art paper bag lines

Vision is to serve

other building materials and the food industries

Delivering High Quality bags to all cement plants in Iraq

5 nationalities

63% local employees

Winner of the 2018

Mondi Diamond Award

“Operational Excellence Category”

Work Safe. Home SafeEverybody, everyday

Mondi Kaso Iraq12

26,000

Employees worldwide

Mondi is a global leader in packaging and paper

2.4 m Hectares of managed

forests

Premium listing on London Stock Exchange & Secondary listing on

the JSE Limited

Group offices in Johannesburg, London

and Vienna

Sustainable by design

More than 100,000 solutions for our

customers

Over 100 operations in more than 30 countries

#1 Kraft paper producer globally

#1 Paper bag producer in Europe and a global leader

#3 Consumer flexible packaging producer in Europe

Mondi Kaso Iraq13

Mondi Action Plan 2030 (MAP2030)

Our actions towards meeting our ambitious

2030 Sustainability Goals

We believe that by focusing on : -

circular driven solutions,innovative solutions keeping materials in

circulation and preventing waste

created by empowered people, empowered team contributing to a better world

taking action on climateclimate resilience for the future of the planet

we will have the most positive impact.

https://youtu.be/yc_IEAHV0Iw

AGENDA

Musab AlkateebManaging Director, Siemens Energy Iraq

Siemens Energy is a registered trademark licensed by Siemens AG. © Siemens Energy, 2021

Austrian Federal Economic ChamberMusab Alkateeb,

Managing Director, Siemens Energy, Iraq

March 2021

Siemens Energy is a registered trademark licensed by Siemens AG.

Energy systems have to meet societal needs for sustainability, availability and affordability.

© Siemens Energy, 2021Siemens Energy is a registered trademark licensed by Siemens AG.

At the same time, we expect a …

>50% increase in global electricity generation by 2040

And still …

770 million peopleare living without access to electricity

Source: IEA WEO 2020 IEA report from October 2020 | https://www.iea.org/reports/sdg7-data-and-projections/access-to-electricity

Siemens Energy is a registered trademark licensed by Siemens AG.

© Siemens Energy, 2021Siemens Energy is a registered trademark licensed by Siemens AG.

This is where we

come in.

Same question in Iraq:

How can we meet the growing demand for

electricity, while protecting our climate?

Siemens Energy is a registered trademark licensed by Siemens AG.

© Siemens Energy, 2021Siemens Energy is a registered trademark licensed by Siemens AG.

Reducing CO2 footprint

and energy consumption in

industrial processes

Transport

of electricity

and storage

Low- or

zero-emission power

generation

© Siemens Energy, 2021Siemens Energy is a registered trademark licensed by Siemens AG.

Iraq Roadmap

To deliver reliable electricity to

40 million Iraqis

ENERGY

Committed to increase power capacity by

11GW

To deliver future vocational education and training for

1,000 Iraqis

Committed to provide healthcare in off-grid areas for

15,000 patients per year

FUEL

EDUCATION

SERVING SOCIETY

Siemens Energy is a registered trademark licensed by Siemens AG. © Siemens Energy, 2021

Thank you! We #WeEnergizeSociety

Rawas Ibrahim CEO, Green Eastland

Durch das wilde Kurdistan

Rawas Ibrahim, rawas@greeneastland.com

• Security

• More than one might imagine

• Relatively safe and stable

• Mentality

• Open minded

• Very welcoming

• Strong will

• Opportunity

• Longterm and sustainable investments

• Manufacturing & Production

Rami KawarManaging Director, Mondi Kaso Iraq

Mondi Kaso Iraq25

Economic Outlook

● Iraq has the second oil reserves in the world making its economy a lucrative opportunity for investors

● Iraq Economy shrank 11.7% in Q3+Q4 2020 due to drop in oil prices & COVID-19 restrictions

● The economy is expected to return to growth as the energy sector recovers at an estimated rate of 4.2% in 2021 and

4.7% in 2022

Iraq Economy - GDP, Inflation, CPI and Interest Rate (focus-economics.com)

Large Scale Projects in Iraq

● Reconstruction and rehabilitation projects

● Around 3 million housing units are required over the next 10 years (population 40+ m)

● Mosul reconstruction project expected to continue through 2028

Invest in Iraq

Mondi Kaso Iraq26

Investment Opportunities

Iraq is undergoing a massive reconstruction boom due to rehabilitation of the liberated cities

Growth is expected in the following areas

Invest in Iraq

Crude oil production

Refinery capacities

Cement industry

Infrastructure projects

Public services

Banking services

Mondi Kaso Iraq27

Do’s

1. Benefit out of the investment promotion regulations issued by

‒ The National Investment Commission – Federal Government of Iraq

‒ The Board of Investment in KRG - Kurdistan Region Government

2. Consult with a reputable legal firm for a reliable and effective advice and assistance

Don’ts

1. Do not ignore the nearby local communities

2. Do not miss out on developing and training local talents

When investing in Iraq

Tips & Tricks

Thank you!

Q & A

The Future or Iraq

Thank you for joining!

AußenwirtschaftsCenter Amman

T +962 6 59 38 400

E amman@wko.at

ADVANTAGE AUSTRIA in Amman

T +962 6 59 38 400

E amman@advantageaustria.org