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U.S.-Kurdistan bank to construct development center
in Kurdistan region
14.1.2008
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January 14, 2008
Erbil-Hewler, Kurdistan Region 'Iraq',--
The Kurdistan Regional Government (KRG) will grant a
Kurdish-American bank a license to operate in the
region, Kurdistan's planning minister said on
Sunday, revealing upcoming plans for the
establishment of a center for construction and trade
development.
"We plan to open an American-Kurdish bank in Erbil
in 2008 to facilitate financial operations for
investors in the region,"
Minister Othman Shawani said during a joint press
conference with a deputy assistant to the U.S.
defense secretary at the ministry's headquarters in
Erbil.
"The ministry has also decided to set up a center
for construction and trade development in the city
to provide facilitations for investing companies in
the region," the minister indicated.
Meanwhile, the U.S. deputy assistant said that the
security and stability which Iraq's Kurdistan region
enjoys have facilitated the establishment of trade
relations with the United States.
The U.S. government is encouraging companies to
raise their investment in the region by providing
facilitations for investors and protecting them, he
added.
Erbil,www.ekurd.net
the capital city of
Iraq's Kurdistan region, lies 360 km north of the
Iraqi capital Baghdad.
VOI
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