|
Business investment on the rise in the
Kurdistan Region
25.2.2010
By Qubad Talabani
|
|
|
|
February 25, 2010
If the first quarter of the year is any indication,
2010 will be a good one for the Kurdistan Region.
Three major companies already invested in the
Region.
The year began with news of Land Rover’s deal to
enter the Kurdistan market. The company signed an
exclusive agreement with the Sardar Group of Iraq to
sell the luxury SUVs.
GE followed, announcing they will supply
approximately $200 million in power generation
equipment and services for independent power
projects. The effort is an answer to current and
future power needs in the Region and is expected to
increase electricity capacity by 1,750 megawatts.
And AirBerlin recently flew into the Region for the
first time. Flights will initially alternate between
the Erbil and Sulaimaniyah airports, aiming for more
frequent flights by summer.
|
Qubad Talabani is the Kurdistan Regional Government
(KRG) representative in the United States. He is the
second son of Iraqi President Jalal Talabani. |
Investment in the
Kurdistan Region is a central reason for its
continued stability and security, and the Kurdistan
Regional Government is taking steps to facilitate
business opportunities and to ease the process by
which companies can be established—while
simultaneously ensuring a level playing field and
secure competitive environment.
Over the past three years, business investment in
the Kurdistan Region totaled $12 billion, with most
foreign investment—up to 70 percent—coming from
Turkey. Looking ahead,www.ekurd.netKRG
officials have been working to make sure more
countries become involved.
Last week, Prime Minister Barham Salih concluded a
visit to the United Arab Emirates, where he was
invited to meet with senior UAE government officials
and business leaders to discuss ways to strengthen
economic and trade relations between the Kurdistan
Region and UAE. Some deals are currently pending, as
well is an upcoming trade conference.
I’m quite proud of all these achievements. I’ve said
it before and I’ll say it again, the Kurdistan
Region is open for business. All are welcome.
Copyright, respective
author or news agency, qubadsblog com
Top |
Kurd Net
does not take credit for and is not responsible for the content of news
information on this page
|
®
