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 British trade mission finds investment opportunities in Kurdistan

 Source : portal Iraq
  Kurd Net does not take credit for and is not responsible for the content of news information on this page

 


British trade mission finds investment opportunities in Kurdistan 8.9.2006 

 

Erbil, Kurdistan-Iraq, September 8 ,-- British Expertise, the leading trade association that this week became the first British trade mission to visit the Kurdistan Region, said more UK companies were likely to follow in its footsteps.

Eight members of British Expertise, representing leading British companies in various business sectors, met President Massoud Barzani, Kurdistan Regional Government ministers and officials as well as leading members of the business community during their visit to assess the Region's economic and investment potential.

Phil Dowrick, who led the mission and is British Expertise's director for the Middle East and Africa, said: "All the delegates on the first British trade mission to have visited the Kurdistan Region were genuinely amazed at the scope and opportunity for business and investment in Kurdistan.

The welcome provided throughout the stay was exceptionally warm and our safety and security appeared to have been assured with the minimum of effort. "

The companies represented in the delegation were Black and Veatch engineering and construction; Control Risks security consultants; Crown Agents public sector modernization; HLSP healthcare consultants; Perenco petroleum exploration and production; Scott Wilson infrastructure consultants; and Mott MacDonald management and development consultants. Ms Bayan Sami Abdul Rahman, the KRG's High Representative to the UK and chairman of Kurdistan Development Corporation, helped arrange the visit.

They met members of the Erbil Chamber of Commerce and visited various sites, such as a water supply project, Erbil International Airport's new terminal which is currently under construction, and healthcare centres .

As well as getting an overview of the political, financial and economic situation in Kurdistan from the government, the delegation also had meetings focusing on three main areas: water, power and infrastructure; natural resources; and capacity building, health and poverty reduction.

Mr Dowrick said: "The Kurdistan Region clearly needs immediate assistance and investment in the electricity, water and oil sectors - all industries where British firms have significant experience. I am quite sure that this visit will be the catalyst for an increased number of visits by UK firms looking to renew, or establish, long-term partnerships with local firms and official organisations."

President Barzani said he hoped the delegation would convey to others in the UK the security, stability and growing prosperity they saw in Kurdistan. The President also spoke of Britain's role in liberating Iraq.

He said that British companies had every right to contribute to the reconstruction of Kurdistan.

krg org 

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