1980 TO 2019
USD billion
50-60
-50%
GDP estimates for 2019 subject to wide variation
(USD 24-60 billion)
25-35
1980
2019
* Purchasing power parity method, current prices Source: CIA World fact book; Country Watch; EIU country risk report on Iraq 2019
ESTIMATE
OVERVIEW OF IRAQ’S NATURAL OIL AND
GAS RESERVES
Oil Billion barrels, 2019
Gas Trillion m3, 2019
Proven
110
reserves
3.1
Unproven potential
100
4.2
Total
210
… and purchasing power parity on individual level even further
62
Muslims
Source: CIA world fact book
An increasing number of children does not receive formal education ESTIMATE
EDUCATION ENROLMENT RATIO FOR ALL AGES* - 1980 VS. 2019
Total area: 437,000 m2 Limited arable land • Arable land: 11% • Permanent crops: 1% • Desert: 88% Largest governates • Baghdad (8.0m) • Nineveh (2.1m) • Basra (2.0m) Varying climate (Baghdad) • Summer temp: 35-50º • Winter temp: 5-15º • Rainfall: 155mm/year
OVERVIEW OF THE IRAQ OPPORTUNITY
Doing Business in Iraq Amman, 5th June 2019 Achmed Al-Shahrabani McKinsey & Company, Inc.
AGENDA
• Overview Iraq • Economic scenarios for Iraq • Required investments
Source: Country Watch, CIA world fact book
Infrastructure
Car transport
• 39,000 km paved roads • 765,000 privately registered
passenger cars
• 266,000 privately registered
90
3. Qatar
14
4. Saudi Arabia 6
5. UAE
6
Source: BP Statistical review, 2019
10. Iraq
3
Over the past decade, Iraq’s real GDP fell by 50%…
ESTIMATE
DEVELOPMENT OF IRAQ’S REAL GDP* -
Oil, proved reserves Billion barrels, 2019
Gas, proved reserves Trillion m3, 2019
1. Saudi Arabia
262 1. Russia
48
2. Iraq
110
2. Iran
23
3. UAE
98
4. Kuwait
97
5. Iran
AGENDA
• Overview Iraq • Economic scenarios for Iraq • Required investments
The majority of Iraq is characterized by desert
OVERVIEW IRAQI GEOGRAPHY
Geography and climate
7.3
Source: Country Watch
… which are the second largest in oil and the tenth largest in gas
RANKING OF BIGGEST NATURAL OIL AND GAS RESERVES WORDWIDE
ESTIMATE
Telecom • 3% penetration, no mobile
network
Utilities • 250 water treatment
facilities • Power generation capacity
of 9500 (pre 1990), currently at 1800MW
67 50
Adult literacy at 54% (vs. 75% in
Iran)
1980
2019
* From 6 to 23 years Source: EIU country profile Iraq 2019
Iraq has one of the largest natural oil and gas reserves…
trucks
Air
• Major airports in Baghdad,
Basra and Mosul
Three major railway routes • Baghdad–Kirkuk–Irbil • Baghdad–Mosul–
Yurubiyah • Baghdad–Maagal–Umm
Qasr
Shia Muslims form Iraq’s ethnic majority
POPULATION SIZE BY ETHNIC GROUP
%
100% = 24.2m
ESTIMATE
Others
Kurds – Sunni

Muslims
22
Arabs – Sunni 12
Muslims
Arabs- Shia