Zenawi Mesfin, General Manager of Intercontinental Addis Hotel
Bringing the US hotel industry experience into Ethiopia, Mr Mesfin left a significant footprint in transforming Intercontinental Addis Hotel into a top quality 5 star hotel, which is currently leading the hotel industry in Addis Ababa.
Dr. Arega Yirdaw, CEO of MIDROC Ethiopia Technology Group
MIDROC Ethiopia Technology Group reached more than 5 billion Birr of sales in 2013 (as oppossed to 3.5 billion Birr three years ago) and currently employs about 7,000 workers. The main factor for the group’s success is the sale of gold…
Iraq and Iraqi Kurdistan Videos
Health-Care Sector in Iraqi Kurdistan
Fakhri Karim Khan Bradosti, Vice President of Zozik Group explains the health-care sector in Iraqi Kurdistan.
Investors are welcome to take advantage of the opportunities available in Erbil, and to establish their base in the area. “We would also like to tell them that even people here are welcoming them and will be very friendly when receiving them.” With over 8000 years of history, Erbil’s old civilization makes this city unique and incomparable to others.
Seven billion dollars was invested in the city of Erbil in the last eight years. The effect of this investment can be seen in the infrastructure and construction of the city. Furthermore, about 65% of an $18 billion investment to support the private sector was spent on Erbil.
Since the fall of the regime in 2003, Iraqi Kurdistan witnessed rapid progress and development. Abdul-Rahman believes there is “big hope that Erbil Stock Exchange will be promising and successful in the area.” Investments in Iraqi Kurdistan are increasing, as well as involvement in the international fairs from countries from all over the world.
According to Abdul-Rahman, “There are many reasons for the establishment of the market in Erbil. One of these reasons is that people save big amounts of their money at home because of what happened during the past regime time when banks’ managements were withdrawn from Iraqi Kurdistan taking people money with them, so a lot of people today don’t trust banks enough to deposit their money at.”
It has long been an idea to establish a capital market in Erbil. The ball began rolling in 2007 when Prime Minister of Iraqi Kurdistan, Nechirvan Barazani, mandated to study the possibility of establishing another capital market besides the Iraq Stock Exchange.
Jorge Eduardo Baldi, Exploration Manager at Repsol explains that key to doing business in Iraq is to find the right contractor and at the same time is it is hardest thing to achieve.
Jorge Eduardo Baldi, Exploration Manager at Repsol shares his insights into doing business in Iraqi Kurdistan and especially dealing with Iraqi and Kurdish companies.
