Monday 7 September 2009

Turkish companies organize first Baghdad trade fair

The first commercial fair in the Iraqi capital since the US invaded the country seven years ago will be arranged by a Turkish company. Seventy-five Turkish companies will attend the fair to snap up their share of the $25 billion construction material market.

There have been no commercial fairs in Iraq since 2003, when US troops stormed the country to overthrow Saddam Hussein's dictatorship with a promise to bring democracy in the Middle Eastern nation. The US army succeeded in toppling the Iraqi ruler, but has failed to establish order in the country. Security is still the most essential issue for investors in Iraq, where dozens are killed by bombs nearly every day.

Forum Fuarcılık, a Turkish fair organization company, is arranging the fair, which will run between Sept. 27 and 29. A presentation on investment opportunities in Iraq will be organized as part of the fair. Additionally, the general directors of the construction, electricity and shopping center divisions of Iraqi public companies working under the auspices of the ministries of trade, industry and construction will hold special meetings during the fair to describe the opportunities available to Turkish companies interested in Iraq.

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