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Iraqi Kurdistan Government has signed a services
contract with Enterra Solutions, LLC
23.1.2008
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LLC, has signed a services contract with the
Minister of Trade for the Kurdistan Regional
Government (KRG) to provide a full service Business
Center in the Kurdistan region of Iraq.
January 23, 2008
RESTON, Va.-- Enterra Solutions, LLC, has
signed a services contract with the Minister of
Trade for the Kurdistan Regional Government (KRG) to
provide a full service Business Center in the
Kurdistan region of Iraq. |
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The contract marks a new
era for business and economic development in the
Kurdistan region and provides a viable model for
similar centers in other emerging market countries.
Under the multi-year service contract, Enterra
Solutions will establish and operate the Kurdistan
Business Center in Erbil, the Iraqi Kurdistan's
capital, with a branch in Washington, DC and a
future location in Europe.
The Center will provide a single point of contact
for investors and businesses desiring to operate in
the autonomous Kurdistan region. Through a number of
connected activities, the Business Center will
promote economic development and foreign direct
investment in the Kurdistan region.www.ekurd.net
The establishment of the
Kurdistan Business Center is an integral part of
Enterra Solutions’ Development-in-a-Box™ offering to
assist economic and social development in
post-conflict and developing regions.
In November 2007, the Enterra Solutions
opens office in Iraq's
Kurdistan Region. The Erbil office
will give Enterra Solutions a direct presence in
Iraq that will facilitate working with the U.S.
Departments of Defense and State as well as the
Iraqi Central Government, the Kurdistan Regional
Government and commercial entities in the region.
“The Kurdistan Business Center will be a major focal
point for driving foreign direct investment and
joint venture transactions in the region,” explained
Stephen F. DeAngelis, president and chief executive
officer of Enterra Solutions. “By helping Iraqi
businesses operate transparently using
internationally accepted standards, the Business
Center’s goal is to attract and provide active
assistance to international investors and companies
outside of the region that desire to establish
operations and/or partner with Kurdistan regional
businesses.”
The Center will identify international companies,
facilitate and expedite investment and joint-venture
transactions in the Kurdistan Region, especially
agreements in support of a number of strategic
critical infrastructure projects identified by the
KRG. In addition,www.ekurd.net
the Center’s Erbil-based
staff will provide marketing, technical expertise
and ombudsman services aimed at attracting
investment activities in the region. Enterra
Solutions will train five local post-graduate
students annually in sustainable economic
development as part of a capacity building component
of the contract. The Erbil-based Enterra Solutions’
staff will be supported by the company’s Washington
Operations Center located in Reston, Virginia.
Enterra Solutions is also establishing a Washington,
DC branch of the KBC as well as a planned European
branch office.
This Center will provide assistance to international
investors, joint venture partners and Kurdistan
regional industries seeking financing, economic
advisory and marketing services and advice regarding
working with strategic and financial partners,
multi-lateral organizations and U.S. and KRG
governmental organizations. The Kurdistan Business
Center is the third major Enterra Solutions’ project
that has been awarded to the company recently in
Iraq. The other two foundational projects, a
multi-lingual business-to-business
(B2B)/business-to-consumer (B2C) trading exchange
and a multi-lingual call center, are being
established to provide services under separate
contracts with the Pentagon’s Task Force to Improve
Business and Stability Operations in Iraq, led by
Deputy Under Secretary of Defense for Business
Transformation Paul Brinkley. The Task Force to
Improve Business and Stability Operations in Iraq
contracts were awarded to Enterra Solutions in
November 2007 and January 2008, respectively.
Working with local entrepreneurs and international
organizations, the Center expects to be a catalyst
for job creation, especially in areas specifically
targeted for development by the KRG: agriculture,
energy, chemicals, manufacturing, pharmaceuticals,
banking and insurance services, construction
materials, health, and education. The Business
Center in Erbil will be the model for potential
additional centers in the Kurdistan Region.
“The Business Center will be available to assist all
regional businesses and international strategic and
financial investors, but it will specifically
concentrate on critical infrastructure and market
sectors that are identified as competitively
advantaged on a sustainable basis for the Kurdistan
region,” DeAngelis noted. “Progress in those areas
will build much needed critical infrastructure and
economic capabilities that should stimulate job
creation, training and help anchor a diverse,
vibrant and sustainable economy in the region.”
To support its rapidly growing presence in Iraq,
Enterra Solutions has entered into a set of unique
strategic alliances with leading organizations:
International Resources Group, Agility, One Network
Enterprises and the UB Groups in the Kurdistan
region. Additional partnerships with other
international and regional companies will be
announced in the coming weeks.
About Enterra Solutions
Enterra Solutions, at
www.enterrasolutions.com
, is the leader in Enterprise Resilience Management™
– a new enterprise architecture that enables public-
and private-sector organizations to respond to the
stressors that result from globalization, rapid
technological change, terrorism, natural disasters,
and other 21st century challenges.
enterrasolutions com
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