Iraq Infrastructure Report Q4 2012 - New Market Report Now Available
Despite an investment focused and inflated budget for 2012 and a US$250bn-US$275bn investment plan for the five years following (2013-2017), we are maintaining our outlook for growth in Iraq's construction sector to underperform potential, with an annual average growth rate of 7.7% anticipated between 2012 and 2016. In order to incorporate these spending plans fully into our forecast we would need to see improvements in political relations, institutional capacity, budget execution rates and regulations. Until this point investment plans announced...
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