Oil underpins Iraq investment opportunity

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Bermuda-domiciled FMG Iraq fund set to reap the benefits of investment in infrastructure in this frontier investment market.

The FMG Iraq Fund is positioned to benefit from the Iraqi growth story, which has seen an increase in new foreign investment deals. According to a report by Dunia Frontier Consultants the amount of new foreign investment deals is on track to double in 2011. In just the first half of this year, Iraq attracted $45.6bn in foreign investment, $3bn greater than the total for the whole of 2010. Since launch in May 2010, the fund has risen by 25%. The current size of the fund is now $20m. Underpinning growth opportunties is the fact that Iraq has the third largest oil reserves in the world. ...

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