Sabah Milhim Mohi, Chairman of Emerald Bank
Banking is an emerging sector in Iraq and it hasn’t gotten full opportunity yet. Most of Iraqi banks dont have enough capital to make larger investments. Also, majority of Iraqi people dont trust the banking sector – the same applies to the Kurdistan region. Iraqis haven`t yet got accustomed to deposit their money in banks instead of keeping it as cash.
Adélio Barofaldi, Director of Rovema Group
Adélio Barofaldi, from Rovema Group, presents the company and its differents areas of actuation. He talks about some of the challenges faced by the group and shares his vision for the future. He also discusses investment opportunities and partnerships.
Ivo Gheller gives an overview on the sector of lamination, processing and industrialisation of plywood and laminated wood in Rondônia. He presents his lamination company, Lano da Amazônia, and discusses sustainability and investments in the state.
2003 brough a long-desired change of regime in the region and Kurdish entrepreneurs started to build new hotels, develop more tourist attractions and open sport places and restaurants. Tourism is blooming in Kurdistan and it is also a very profitable business. Moreover, the region will be Iraq’s capital for tourism in 2014.
Sarmand Group is a well-known company in the Kurdistan region and its roots go back to 1979. Throughout its existence the Group has been involved in different sectors including construction, industry, trading, and it has cooperated with the Government on diferent construction projects. Sarmand Group has also an animal feed factory along with poultry farms. Its latest involvement is related to the oil sector in Iraqi Kurdistan.
Roberto Stefaneli, IMMA (Metallurgy and Mechanics’ Industry of the Amazon)
IMMA is a company created by Bardella and Alstom initially to supply the Santo Antonio hydroelectric plant. Roberto Stefaneli presents the company and shares his vision for the future. He also mentions some challenges and discusses investments in Rondônia.
Investing in the agriculture sector is of continuing interest to the KRG, for reasons practical – becoming food self-sufficient- and also for reasons historical and cultural.
Mauro Nazif, Mayor of Porto Velho, talks about the potential of Rondônia’s capital for investors.
Emerson Castro, State Secretary for Economic and Social Development, provides an overview of the main economic sectors of the state of Rondônia.
“Investors look for some pillars when they make their analysis of an investment climate. One is them is the legal framework. Kurdistan’s investment law was found to be the friendliest law for foreigners, with a high scale of incentives, flexibility in dealing with investors, giving good rights and position to the foreigners and protection measures.”
