Investors Air Concerns About Security and Business Stability in Iraq
LondonThe suicide bombing of the International Red Cross headquarters in Baghdad on Oct. 27 and subsequent attacks, have intensified concerns among potential investors about the security situation in Iraq and its impact on reconstruction.
But the bombing was not the only worry on the minds of would-be investors attending a conference here at the end of October on reconstruction business prospects. Also of concern were issues ranging from the survivability of orders being issued by the US-led Coalition Provisional Authority; to the backgrounds of potential Iraqi business partners; to the financial and political risks of entering the country with projects and cash before a new constitution is written and a new government is elected.