The Iraq Britain Business Council (IBBC) took a significant group of members on a trade mission to KRI this week. Paramount was the need to review business opportunities and investment in the region and to learn directly from the Prime Minister Barzani his plans for business and industry.

The group, led by Baroness Nicholson, UK Trade Envoy to Iraq, Christophe Michels MD of IBBC and Eng Rasmi Al Jabri, Deputy Chairman of IBBC included representatives from Jaguar LandRover, Crescent Petroleum, EY, Siemens, Sardar Trading Agency, Garda World, Stirling Education, KPMG, G4S, OilServ Kuwait, and from the DIT Mr Rawand Askary, and James Thornton of UK FCO.

The Prime Minister introduced a number of Ministers for discussion with the group, including KRI Minister of Electricity Mr Kamal Mohammad Saleh discussing project finance and other related matters. The DG of the KRIs MoI joint crisis coordination centre Mr Hoshang Mohamed discussed the clearance of IEDs & mines and the handling of the overall IDP and refugee crisis (that G4S have been heavily engaged with).

In conversation, Mr Barzani stated that ‘the KRI government will bring in reforms to cut down on red tape for the private sector to develop. It will pursue a policy of registering companies through a ‘one window’ online portal which should allow company registrations to be done in the same time it takes in western countries to do so. He also said that the new administration is streamlining overall bureaucracy for private businesses to limit unnecessary Government interference.

The Government is also planning to draft a new bribery law to fight corruption and is looking at reviewing its financial framework to encourage PPPs throughout the economy including education and health. Diversification of the economy is big on the agenda with agriculture, tourism and the manufacturing of goods being a priority. KRI should import less and produce more and eventually find markets outside its borders for its products. Foreign partners for all of this are sought after.’

A permanent revenue sharing agreement with Baghdad is top of the agenda among other things to allow credit export agencies to work directly in the KRIG.’

On Sunday the Planning Minister and Mr Amanj Raheem, Cabinet Secretary, Kurdistan Regional Government spoke, and the Ministers for Construction and Electricity attended the British Consulate Reception taking place at the JLR show room kindly sponsored by Sadar Trading Agencies – thanks to Mr Sardar Al-Bebany Chairman and CEO. Dr Dara Al Khayat, Chairman of KRI federation of Chamber of Commerce and Industry in Erbil, hosted a Monday evening event and on Tuesday the mission visited Crescent Petroleum offices.

The trip continued to Baghdad

(Source: IBBC)

The Iraq Britain Business Council (IBBC) was delighted to host H.E. Dr Abdullah Luaibi the Iraqi Minister of Transport in London today.

The Minister, accompanied by a delegation of officials, was on a 4 day official visit to the United Kingdom organised by the Department of International Trade.

His visit included meetings with IBBC Members Rolls-Royce and Serco, and a number of bilateral meetings with the British Government. UK companies play a leading role in aviation in Iraq and the Ministers visit cemented the existing ties while exploring new ventures.

By courtesy of Brigadier James Ellery and thanks to the generous sponsorship of Vitol, IBBC was fortunate to offer the Minister and his delegation Lunch together with about 20 IBBC Members and guests at the Cavalry and Guards Club on Piccadilly.

Members in attendance included representatives of Serco, Zaha Hadid Architects, Menzies Aviation, G4S, Al Burhan Group, Basra Gateway Terminal, HWH & Associate, Eversheds Sutherland, Stirling Education and Constellis.

Delegates at the Lunch were addressed by Baroness Nicholson, IBBC President and the Prime Ministers Trade Envoy for Iraq, and of course the Minister who expressed his great satisfaction about his visit and working so closely with the UK Government, UK businesses and the IBBC.

He also made it clear that establishing regular direct return flights between London and Baghdad was one of his top priorities and that he was looking at upgrading some of the major Iraqi transport infrastructure during his tenure.

IBBC’s Managing Director Christophe Michels commented:

Minister Luaibi has been a staunch supporter of IBBC members in Iraq over some years now, first as Deputy Minister and now as Minister. His office door in Baghdad is always open to us and I am pleased to say that UK companies lead the way in airport security, ground handling and air traffic control.

“Now we are looking forward for Rolls-Royce to work with Iraqi Airways and for one of the great UK architects and design companies to work on an new airport project in country.

For more information on the Iraq Britain Business Council, visit https://www.iraqbritainbusiness.org

(Source: IBBC)

By John Lee.

The Iraq Britain Business Council (IBBC) has welcomed four new members, bringing its membership to 71 companies:

Crescent Petroleum: Sharjah-based Crescent Petroleum is the only foreign oil and gas company to maintain a continuous presence in Iraq for three decades, and is the largest private oil and gas investor in the Kurdistan Region of Iraq.

Sardar Trading Agencies (STA): One of the core companies of Sardar Group, with more than 50 years of experience in the Iraqi private business field, mainly in the automotive segment.

Stirling Education: The Luxembourg-based company is committed to providing excellent affordable education and pastoral care for students in Iraq. Across Iraq, they have around 17,000 students, 42 schools and two university campuses.

Tube Tech International: UK-based Tube Tech is a world leader in the removal of fouling from refinery, petrochemical and energy process assets.

(Source: IBBC)