Project Near East 2009 ( Iraq )

04 May - 07 May

The only construction exhibition serving the markets of Jordan, Iraq, Syria and the Palestinian Territories – Incorporating Rebuild Iraq Exhibition



Exhibition Overview
ONE SHOW, FOUR MASSIVE MARKETS
IFP has merged two of our most successful shows – Rebuild Iraq and Project Jordan – into one mega IFP event. Now with one visit to Amman, Jordan you’ll gain exclusive access to lucrative construction and development markets: Jordan, Iraq, Syria and the Palestinian Territories.

CULTIVATE CONTACTS AND FACILITATE DEALS. THIS IS YOUR OPPORTUNITY FOR NEAR EAST CONNECTIVITY.
You’ll connect face-to-face with investors, developers, government officials and other key players responsible for the multitude of multi-billion dollar construction projects in Jordan, Iraq, Syria and the Palestinian Territories. The Near East’s construction boom is in full swing. Now is the time to break into these markets, or boost your already-established presence there.

AMMAN – GATEWAY TO NEAR EAST MARKETS
Because of Jordan’s strategic location, open relationships with neighboring countries and business-friendly laws for foreign investors, Amman is well known as a hub for business. And the Kingdom’s political and economic stability has fostered its position as a trade base, particularly for Iraq, Syria and the Palestinian Territories.

WHY AMMAN?
Iraqi businessmen and investors. Amman is the preferred residence for prominent Iraqi businessmen and investors. Project Near East offers international, regional and local companies an unprecedented opportunity - risk-free -- to be a part of Iraq’s reconstruction. Palestinian businessmen have permission to travel to Jordan (have free movement privileges). For the first time, Palestinian businessmen will have an opportunity to participate in an IFP event to establish the necessary business partnerships to carry out the territories’ much-needed development and rehabilitation. Investor friendly to foreigners. Foreign and Jordanian investors alike are treated equally under Jordanian law. Except for some trade and contracting services which require a Jordanian partner, non-Jordanians can engage in any economic activity in the Kingdom. Foreigners are permitted to fully own a project or any part of it. Favorable tax and customs duty. Many sectors in Jordan enjoy such treatment, including: agriculture, hotels, hospitals, maritime transport, railways, leisure and recreational compounds, convention and exhibition centers, as well as pipeline transportation, distribution services for water, gas and petroleum derivatives. In addition, Jordan is at the forefront of liberal Middle East economies, and has earned worldwide respect for its reforms and economic initiatives.

HERE IS A GLIMPSE AT JUST SOME OF THE NEAR EAST’S ATTENTION-GRABBING CONSTRUCTION PROJECTS
IRAQ:
More than $63 Billion has been allocated for reconstruction projects, and the new Iraqi government is expected to spend an estimated $150 Billion for reconstruction of key sectors, including:
• $17 Billion for Baghdad International Airport
• $12 Billion for the port of Basra
• $15 Billion to construct the Al-Rasheed City near Baghdad
• $5 Billion to build 4,000 schools
• Baghdad Municipality to spend $1 billion through the national budget for public works.
The relatively stable northern region of Kurdistan, in particular, is generating attention. Efforts by the Kurdistan Development Corporation to attract top-caliber international investment to a region that has been described as the Northern Gateway to Iraq are fruitful. A new investment law for the Kurdistan region, offering generous incentives to foreign investors, is being cited as one of the most investor-friendly laws in the Middle East. Kurdistan boasts a real estate industry currently worth approximately $10 Billion. Upcoming projects in the region include:
• $15.3 Billion for Tarin Hills - residential, commercial and hospitality buildings
• $16 Billion worth of projects in Erbil, Sulaymaniya and Duhok

www.rebuild-iraq-expo.com

Read more...

"DEPARTEMEN PU BERPARTISIPASI PADA PAMERAN “PROJECT NEAR EAST 2009 INCORPORATING WITH REBUILD IRAQ 2009”

04 Mei 2009

Amman, 04/05/09 (BPKSDM) – Sebagai tindaklanjut komitmen untuk mendorong jasa konstruksi nasional ke pasar internasional, Departemen Pekerjaan Umum dalam hal ini BPKSDM bersama Tim Jasa Konstruksi nasional kembali turut serta dalam Pameran dan Misi Konstruksi ke Timur Tengah. Pameran yang diikuti kali ini mengambil tema “Project Near East 2009 Incorporating With Rebuild Iraq 2009” diselenggarakan di Amman Yordania pada 4 hingga 7 Mei 2009.

Tim Jasa Konstruksi nasional yang turut serta antara lain PT. Tripatra Engineers and Constructors, PT. Duta Graha Indah, PT. Jakarta International Machine Center (JIMAC), PT. Duta Astakona Girinda, PT. Yasa Patria Perkasa, PT. Pageo Utama, PT. Sumber Daya Primatamanusa, serta Lembaga Pengembangan Jasa Konstruksi Nasional (LPJKN).

Namun tidak terbatas hanya pameran, BPKSDM juga melaksanakan misi konstruksi untuk survey pasar Jordan dan Iraq sebagai bahan panduan bagi pelaku jasa konstruksi yang akan memasuki pasar tersebut. Sebab dari informasi awal pasar konstruksi di Yordania cukup besar dan menjanjikan. Ditambah dengan adanya proyek besar dari investor dunia terutama Amerika Serikat untuk membangun kembali Iraq, maka misi konstruksi kali ini diharapkan menjadi pintu gerbang peluang baru bagi pelaku jasa konstruksi nasional.


Informasi yang diperoleh Tim Departemen PU pada misi konstruksi kali ini akan menjadi pedoman melakukan bisnis konstruksi di Jordan (Doing Construction Business in Jordan, sebagaimana pula telah dilakukan beberapa waktu yang lalu di Libya. Turut hadir dalam pembukaan Pameran ini, Kepala BPKSDM Sumaryanto Widayatin sebagai Ketua Tim Pengarah Misi Konstruksi ke Jordan dan Duta Besar Luar Biasa Indonesia untuk Yordania dan Palestina Zainulbahar Noor. Pada kesempatan pembukaan ini Stand Indonesia sempat pula dikunjungi oleh Perdana Menteri Yordania Nader Al Dhahabi.
(tw/tn)(BPKSDM)

Read more...

IMF MENYETUJUI PINJAMAN KE IRAK

IMF 'confident' on loan to Iraq
Iraq has said it is seeking a $5.5bn IMF programme over 18 months. (AFP)
By Agencies on Sunday, October 04, 2009

The International Monetary Fund (IMF) yesterday said it was "confident" about agreeing a loan with Iraq, which is seeking $7 billion (Dh25.7bn) to cover its budget deficit.

"I am confident that we're working well together and we'll be able to identify ways to help them," Masood Ahmed, the IMF's Middle East director, told reporters in Istanbul during annual meetings of the IMF and the World Bank. "Exactly how and when is what we need to know," he added.

The financial shortfall in Iraq's budget comes at a difficult time for Iraq as the nation of 29 million people struggles to emerge from a brutal sectarian conflict triggered by the 2003 US-led invasion.

A senior advisor to Iraq's central bank said he was "not sure" that Iraq could meet IMF conditions for a $5.5bn loan, reported Emerging Markets magazine yesterday.

Iraq has said it is seeking a $5.5bn IMF programme over 18 months, which would be the largest IMF financing pact with the new Iraq administration. There have been two previous IMF arrangements of less than $1bn each.

Mudher Salim Kassim, senior advisor to the Iraqi central bank, said it would take a long time for any agreement to be reached with the IMF. "Iraq is still in transition," Kassim said. "The security situation sometimes turns upside down, so it is difficult to decide things," Kassim said.

Iraq relies on oil exports for more than 95 per cent of state revenues and needs funds to rebuild the country.

Read more...

Iraq gets $1.8 bln IMF lifeline
PUKmedia 28-09-2009 17:13:45

The International Monetary Fund has decided to give Iraq $1.8 billion to support the country's economy and come out of the recession caused by the global financial crisis, a senior official with Iraq's central bank said Monday.

"The money is to support liquidity and to improve growth of the Iraqi economy," central bank advisor Mudher Kasim told Dow Jones Newswires on the sidelines of an IMF-Iraq meeting in the Jordanian capital, Amman.

Kasim said that the money is expected to be spent on infrastructure projects that the country is in dire need of. A massive budget deficit, estimated at nearly $19 billion this year, is adding to pressure on the government to try to find new sources of financing.

The IMF is specialized in providing loans to member states to deal with temporary deficits in their balance of payments.

-Maktoob Business-

Read more...