Luxury jewelry , perfume and a chain store plans to open hundreds of shops in Iraq . The Paris - based Paris Match says that the economic conditions are now right to invest . Continued sectarian violence , like the car bombings that killed at least 13 people in northwestern Baghdad over the weekend , as well as stalling government infrastructure programs , mean that a flourishing mainstream consumer culture is still some way off , according to William Watts , director of operations at Dunia Frontier Consultants . The growth of middle class and current unmet demand for luxury goods account for this , says CEO .
Luxury jewelry , perfume and a chain store plans to open hundreds of shops in Iraq . The Paris - based Paris Match says that the economic conditions are now right to invest . The growth of middle class and current unmet demand for luxury goods account for this , says CEO .