Iranian Technical And Engineering Services Companies Account For Two Billion Dollars In Iraq, 3 MARCH

 Iranian Technical And Engineering Services Companies Account For Two Billion Dollars In Iraq

2024-03-02 Shafaq News/ Secretary of the Iranian Construction Companies Syndicate, Erj Claptonji, announced on Saturday that Iranian companies exporting technical and engineering services captured about two billion dollars from the Iraqi market from 2009 to 2015.

According to Iranian media, Erj Claptonji urged private sector companies to follow solid and solid plans to reach $20 billion in Iraq, especially since Turkish companies are on the cusp of investing $27 billion.

According to reports reported by ISNA News Agency, 56,500 engineering companies accredited by the Iranian Planning and Budget Organization are active in the field of the construction industry in Iran, 53,000 of which are contracting companies, and 3,500 of which are consulting engineering companies. About two million and 600 thousand people work in these companies.

According to statistics on the export performance of technical and engineering services from 1994 to 2021 provided by the Article 19 Committee of the Iranian Trade Development Organization, the approximate index of technical and engineering services exports in Iran reached about $34 billion in the form of 911 projects.

The Secretary of the Iranian Construction Companies Syndicate explained that Iraq opened its doors in 2015 to Iranian contractors, as private sector contractors won projects worth two billion dollars by entering tenders.

This indicates that if there is an active market next to Iran, Iranian companies can capture it from regional competitors through the necessary coordination. Iranian technical and engineering services export companies operate in Uzbekistan, Tajikistan, Bangladesh, Afghanistan, Pakistan, Sri Lanka, Kazakhstan, Turkmenistan, Azerbaijan, Armenia, Iraq, UAE, Oman, Yemen, Belarus, Djibouti, Kenya, Algeria, Sudan and Venezuela, but the largest volume of The activity of these companies between 2012 and 2016 was in Iraq.

Iranian companies in Iraq recorded contracts worth about four billion dollars, of which two billion dollars related to the “MBNA” company and the rest related to private sector contractors. But since 2016, when ISIS entered Iraq, the activity of Iranian companies in this country has decreased.

According to Claptonji, 38 private sector companies obtained 57 projects in Iraq during that period, including $3.1 billion in southern Iraq, $235 million in Sulaymaniyah, and about $400 million in Erbil.

This official stated that the largest activities in this sector target the Ministry of Construction, Housing and the Municipality in Iraq, with approximately $452 million. In the ranking of the best 250 contractors in the world during the year 2020, China came with 74 companies, Turkey with 44 companies, and Iran with two companies.

Referring to developments in exports of technical and engineering services to countries in the region, Claptonji said, “Iran’s most important competitor in the region is Turkey, which exported about $425 billion in technical and engineering services in the same period in which Iran exported $34 billion.”

The share of exports of technical and engineering services in Turkey's economy is about 30%, which means that Turkey has relied a large part of its economy on these exports.   LINK