Soft Drinks Giant Aujan To Invest US$100mn

Saudi Arabia's Aujan, the largest privately owned soft drinks firm in the Gulf - with group sales expected at US$600mn in 2009 - has announced that it will invest US$100mn in Iraq in 2010. Following improvements in the security situation, the landmark move adds credence to Iraq's growing reputation as an increasingly viable focus for investment. Steady economic liberalisation - discounting the hydrocarbon sector, foreign firms are allowed 100% ownership - in the post Saddam-era is allowing the country to attract a steady supply of non-hydrocarbon foreign investment. With a population in excess of 30mn, BMI believes that Iraq's hitherto

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