The commercial industrial gases market in Iraq is estimated to have generated revenues of $35 million in 2016. This is an increase from $15 million in 2005, indicating an average annual growth rate of 8.6% p.a.
Over the past decade the rate of GDP has experienced an average annual growth rate of 9.9% p.a., or 6.4% p.a. when adjusted for inflation. The growth of GDP has fluctuated massively over the period of the last decade.
Report Data: 2017
Economic modernisation, the arrival of the multinationals, and the emergence of new industrial gas trends and technologies are driving change in the Middle East. What better time to explore the dynamics of the Iranian, Iraqi and GCC markets as part of a wider new industrial gas frontier?
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