For the last several years the semi-autonomous Kurdistan region of northern Iraq has been attracting a relatively large, continuously growing, amount of investment; including local investment, foreign direct investment, and foreign/local partnerships.
Building on the Bank’s partnership with INJAZ to help Kuwait’s young people build successful careers.
New shopping malls are being built throughout the Kurdistan region and the retail sector in the Iraqi Kurdistan is picking up. The retail market is now capable of accommodating international brands and it can thus compete even with the market in Dubai.
International media generalize the security situation in Iraq and thus they are also spreading negative image of the Kurdistan region which is in reality very stable and secure. Mr. Aziz wishes for more international investors coming to the region to experience the situation on the ground. He claims the best investment opportunities lie in agriculture and oil and gas of Kurdistan.
Rehab Company is a holding company which grew out of a smaller Pola Group, following the transformation within the Kurdistan Region of Iraq. Rehan Company is involved in housing, tourism and industry-related projects in different cities throughout the Kurdistan Region, including Erbil, Sulaymaniyah, Mosul, Ramadi, Tikrit, Basrah and Fallujah.
Rashid Hoshiar, CEO of Address Kurdistan / Kani Group
According to Hoshiar, the prices of real estate in the Kurdistan Region of Iraq have increased by more than 500% over the last five years. His company Address Kurdistan is currently working on a residential project known as Dream City, located in the city of Erbil.
Júlio Olivar Benedito, Director of the Department of Social Communication (DECOM)
Júlio Olivar Benedito from Rondônia’s Department of Social Communication talks about the role of DECOM and discusses the national and international image of the Northern state. He also shares his vision for the future of Rondônia in the coming years.
The “Empire World Project” is a prime example of the new Kurdistan; a combination of business and leisure, and showcases the promising increase in investment and business confidence.
Emerson Castro, State Secretary for Economic and Social Development (SEDES)
Emerson Castro from SEDES talks about strategic projects in Rondônia and mentions some of the state’s potentials, such as the inauguration of a new port and tourism development. He also discusses challenges to be faced and shares his vision for the future.
Korek Telecom is a big player in Iraq with a nationwide coverage. Korek’s market share now stands at 15.7%. The Iraqi telecom operator offers the best quality and price. Also, a year ago Orange and Agility became Korek’s partners, bringing in finance and know-how. Mrs. Gebara also discusses the 3G connection in Iraqi Kurdistan and the story of Korek going IPO.
