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Financier Worldwide: Weighing the Opportunities and Risks of Project Financing in Iraq

By Michael Diaz, Jr., Halim M. Gebeili and Arti Sangar
Financier Worldwide Magazine
September 30, 2012

New project financing opportunities are opening up throughout Iraq. As the country’s economy recovers from decades of war, demand is growing for new infrastructure. Because internal public funds are limited, the Iraqi government has taken a number of steps in recent years to attract international capital in sectors like housing, hospitals, power plants, transportation, telecommunications and manufacturing. As a result, construction projects are underway in Baghdad and other urban centers and rural communities.

But should a prudent foreign investor consider financing such proj­ects?

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