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Iraq increasingly important for Swedish companies

Wednesday, 12 October 2011
Swedish companies are investing in war-torn Iraq, according to Dagens Nyheter. Safety problems remain, but the oil-rich country is regarded as a key growth market.

While truck giant Scania has cut down its rate of production in Sweden operations in Iraq, in on its way up according to reports.

"With the establishment of Basra we are established throughout the country: in Arbil in the north of the capital Baghdad and now in the oil province down here in the south, "said Scania's country manager for Iraq, Gustav Sundell to Swedish newspaper Dagen Nyheter.
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Volvo and Scania have a combined market share of 50 percent of the country and Gustav Sundell believes that Iraq will be one of the most important markets.
But truck manufacturers are not the only Swedish companies that strengthen the positions in Iraq. There are also engineering companies ABB, Esab and Atlas Copco in the line.

Safety problems in the war-torn country is still there, but according to Gustaf Sundell, progress is in the right direction and the situation looks different depending on where on is in  the country.
By Scancomark.se Team







































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