25 November 2009
BASRAHEXPO Fairs will be organized in February, March, and April in Basra, the door that the Middle Eastern market opens to the world. BASRAHEXPO comprises construction materials, public services, food products and technologies, as well as general consumer products. The fairs offer wide opportunities to all types of investors in the Persian Gulf, the gateway to the Iraqi market, whose business volume in the construction sector today has reached almost $300 billion.
Primary commodities exported in the region are oil products, grape and cereals. In the Iraqi market there is a great demand for food products, ready-made clothing as well as construction and building materials. For companies that look for new markets and new investment opportunities, BASRAHEXPO fairs offer a unique occasion to enter to this virgin market. The fairs are sponsored by Basra Governor, Basra Chamber of Commerce, State Company for Iraqi Fairs and Iraqi Import and Export Association.
BasrahExpo Trade Fairs / www.basrahexpo.com
BuildExpo International Fair for Construction and Building Materials, Construction Machines and Infrastructure Services
15 – 18 February 2010
TradeExpo International General Consumer Products Fair
8 – 11 March 2010
FoodExpo International Fair for Food and Agricultural Products and Technologies
5 – 8 April 2010
Background
Basra and Southern Iraq region, with population of 25 million, attract investors as the trading volume increases rapidly and the region now offers a more secure environment. In 2010 Basra, the commercial capital of Iraq, will host a number of important trade events, BASRAHEXPO Fairs, under the sponsorship of Basra Governor’s Office, Basra Trade Chamber and the State Company for Iraqi Fairs.
Basra is Iraq’s only port, with its 2.8 million population, it is considered as one of the most strategic cities in the world, and it is located at the gateway of the Southern Iraqi market, which reaches 25 million people. The city is built on the coasts of Shatt Al-Arab River in Iraq and it has the largest transportation network close to the Persian Gulf. Basra is located at the border point of oil pipe-lines and is the home to the Eden Garden, the cradle of civilizations.
The region’s most developed industry is its oil refineries, and tankers that make overseas transport reach Al-Barah through the Roka Canal. In recent months the inflation rate has been steadily declining in parallel to the growth in the Iraqi economy. Since foreign currency rates were stabilized, the purchasing power has increased significantly and the private sector has obviously become more active.
Umm Qasar Developments www.ummqasardevelopments.com