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< Back to Iraqi Dinar in the News March 2nd, 2010

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.