Established in 2009, IBBC facilitates business, trade, investment, human resources, training and transfer of technology and know-how into the Republic of Iraq, seeking to bring together Iraqi, British and international companies and public sector bodies through a joint platform identifying mutual interests and common goals. It aims to be a powerful network of the most important Iraqi, British and international business organisations enjoying high-level support from both Governments and the EU.
Committed to a free, prosperous and diverse Iraq, IBBC intends to create strong relationships that will benefit business, industry and the people of Iraq. IBBC is fully supported in its goals by Prime Minister Nouri Al Maliki, and, through him, the National Investment Commission. IBBC is more than a business initiator, aiming, in co-ordination with the Iraqi Government to promote best practice and international standards to facilitate business in Iraq, which is a high potential, emerging market. Following considerable improvements in security and the successful creation of democratic institutions, Iraq needs to revive and expand her economic base to bring economic security and prosperity to her people.
IBBC, funded privately by its Members, operates through an independent secretariat in London, Baghdad and Basra playing a major role in the development of UK trade and investment with Iraq.
In addition to the monthly Founder Members’ Board, the six-monthly Business Council, and the bi-monthly Sector Table meetings, IBBC Events include:
- Two major conferences in London each year, as well as two Receptions in the House of Lords
- An annual weekend is held at Cumberland Lodge in Windsor, where invited speakers add to a discussion about a topic of relevance.
- Irregular round-table dinners (between four and six per year) held at the Reform Club in London
- Occasional seminars and study groups on subjects of high value (such as the fight against corruption and the impact of the Bribery Act).
- Frequent Trade Delegations are arranged – a minimum of four each year – varying in location between Baghdad, Basra and Erbil.
IBBC is broadly based and driven by the private sector, working closely with Iraqi and British Governments.
At its core, a limited number of Sector Tables, consisting of a small group of companies that have a business interest in the relevant sector. Sector Tables exist for the Oil & Gas; Construction & Infrastructure; and Financial & Professional Services sectors. A Sector Table in Education & Training is in the process of being established, and other planned Sector Tables include IT & Telecommunications; Health; Agriculture; Manufacturing; Security; and Tourism.
The IBBC website can be accessed at: http://webuildiraq.org/