BEIJING, April 5 -- Global firms eyeing reconstruction deals in Iraq say they foresee an improved outlook for business in 2005. The comments come as violence is beginning to decline, but bureaucracy and corruption are emerging as major deterrents.

    Business people representing over 950 foreign firms attend the Iraq Rebuild 2005 exhibition in the Jordanian capital Amman. It was clear that the number of opportunities in Iraq is growing as government ministries and US contractors¡¯ tender contracts.

    John Connolly, vice president of Paxton Companies, said: "I believe that it's going to pick up. Last year there were difficulties with some of the insurgents, but we are hoping for a bit more business this year."

    There are hundreds of millions of US dollars worth of projects on offer. But for many Western firms seeking a slice of the pie, the lack of a transparent business environment is still a big problem. Nevertheless, Iraqi business people say rebuilding the country will help make things better.

    Iraqi Businessman Ahmed Al Anni said: "When we start the rebuilding it will automatically provide some kind of stability in Iraq. When people see rebuilding and more job opportunities available, Iraq will be more secure and stable."

    The exhibition in Amman starts on Monday and lasts until Thursday.

    (Source: CCTV.com)