29 October 2003

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Maltese firms invited to Rebuild Iraq 2004 Fair in Kuwait

Maltese firms are being invited to take part in one of the most ambitious reconstruction challenges of our time. The rebuilding of Iraq, the biggest project of its kind in over half a century, offers USD50 billion worth of contracts to companies from key infrastructure sectors.
The opportunity is being presented by Island Fairs Limited (IFL) - a Malta registered company specialising in the organisation of trade fairs for the domestic and foreign markets with the goal of promoting and developing trade opportunities between Malta and the rest of the world.
IFL has been appointed exclusive country co-ordinator for Malta and has been entrusted to allocate stand space to Maltese companies looking to participate in the prestigious Rebuild Iraq 2004, being held at the Kuwait International Fair Grounds in Kuwait between 19 and 23 January next year.
In May 2003, the UN Security Council gave the US and Britain a mandate to govern Iraq and use its oil revenues to rebuild the country. The resolution immediately ends economic sanctions imposed on Iraq after its 1990 invasion of Kuwait and opens the country to international trade and investment.
The rebuilding of Iraq, arguably the largest project of its kind since the end of World War II, will cost in excess of USD100 billion over the next five years (although Arab and foreign experts estimate that the final figure will be much higher), with at least half USD50 billion worth of projects slated to be sub-contracted to US and foreign firms.
Uniquely positioned to respond to this exceptional opportunity, Project Iraq will bring together decision-makers, specifiers, project owners and government bodies with manufacturers, suppliers, and contractors. Rebuild Iraq 2004 connects international suppliers with the decision-makers overseeing the rebuilding of Iraq.
The Fair will be exhibiting a full range of infrastructure products, services and systems needed to rebuild the country. These include food, water, water infrastructure, hospital equipment, medicine, security equipment, environmental tools, oil-well and refinery repair and maintenance, oil and gas supplies, road and rail construction and development, air and sea port construction, schools, telecom and financial systems.
Demand for the latest from all sectors
The reconstruction of Iraq's oil sector alone will cost USD15 billion, while USD1 billion is needed to repair the telecom sector and USD20 billion has been earmarked to resuscitate the national grid. The sale of airport communications, aircraft parts, airline services, transport, construction, and security equipment also represent future opportunities for companies. Elsewhere, all Iraq’s ports need technological upgrades and major clearing. Other areas where there exists significant demand include water and agriculture, the environment, health care equipment and services, HVAC (heating, ventilation and A/C), IT, and hotels.
Nearly USD1 billion has already been set aside by the international community for the rebuilding of Iraq, the bulk of which has come from US agencies. This international initiative, coupled with the undeniable opportunities and unprecedented interest in the country make Project Iraq the perfect forum for your company or product.
Island Fairs Limited have also announced that Emirates Airlines will be granting specially reduced fares to Fair participants, while Carmelo Caruana is also running a Malta-Kuwait rout for the event.
Due to the great demand for participation in the event, space is limited and will be allocated on a first come, first served basis.
For more information visit www.rebuild-iraq-expo.com or contact IFL on Tel. 21383361, 99486362 or 79593919.

Copyright © Newsworks Ltd. Malta.
Editor: Saviour Balzan
The Malta Financial & Business Times, Newsworks Ltd, Vjal ir-Rihan, San Gwann
Tel: (356) 21382741-3, 21382745-6 | Fax: (356) 21385075 | E-mail