Kurdistan looks to drive international investment into the region
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The capital of Kurdistan in northern Iraq has seen keen intent in multi-sector investment from domestic and international sources, which is filtering down to the rest of the semi-autonomous region. Since 2006, Kurdistan has attracted nearly US$16 billion worth of investment and the Kurdistan Regional Government (KRG) has planned for an additional US$3 billion budget expansion for 2012. In total, the KRG has 189 investment projects planned or in progress with a majority of those projects across the hosing, industry, tourism and trading sectors.
Highlighting this progress is MEED’s Kurdistan Projects Conference, which is being held under the support of the Kurdistan Regional Government Department of Foreign Relations and the office of the Governor of Erbil. The conference is a major part of the government’s strategic plan to drive international investment into the region.
“We look forward to welcoming representatives of the global business community and hope that there various business opportunities explored,” said Nawaz Hadi, governor of Erbil, Kurdistan.
Elaborating further minister of the department of foreign relations, Falah Mustafa Bakir said: “The focus of the conference is on procurement and development strategies for obtaining contracts on major projects in Kurdistan’s dynamic and expanding market.”