Ease of Doing Business in Iraq’s Kurdistan
The US-Kurdistan Business Council led a delegation of 48 members representing 30 companies from a diversity of business sectors.
The US-Kurdistan Business Council led a delegation of 48 members representing 30 companies from a diversity of business sectors.
A prominent area of early investment since 2006 has been in the lucrative real estate sector.
At the top of the list driving the region’s economy is Kurdistan’s gas and oil reserves, estimated respectively at 100-200 trillion cubic feet and 45 billion barrels, with possibly another 25 billion potential barrels in unproven reserve.
Chairman of the Kurdistan Board of Investment Herish Muharam explains the political, regional and international risks facing Kurdistan and their impact on the foreign direct investments.
Chairman of the Kurdistan Board of Investment Herish Muharam explains the intricacies of the progressive investment law Kurdistan has adopted in 2006 and its amendments that are due in 2013.
Minister of Transportation & Communications of Iraqi Kurdistan talks about the main infrastructure and transportation projects that are to transform the public transport system in Erbil, Duhok and Sulaymaniyah.
Minister of Transportation and Communications of Iraqi Kurdistan talks about the main responsibilities of the Ministry and the strategic transportation projects in Iraq and Iraqi Kurdistan.
According to Salahaddin University – Hawler, industry contributes around 22% to Kurdistan’s GDP, which makes industry the top contributor to the GDP. Most of industry in Kurdistan revolves around oil and gas sector, petrochemicals and chemicals. Furthermore, the region has minor textile industry, leather industry, construction materials industry, food processing industry, fertilizer industry, and metal fabrication/processing industry. The major industrial groups are also part of diversified conglomerates that operate in Kurdistan. Find more below on oil and gas companies, contracting companies and diversified conglomerates in Kurdistan.
With the economy booming at unprecedented rate the construction and contracting sector in Kurdistan experienced unparalleled boom over the past 5 years.
Citing just a few short facts in addition to the oil reserves: the region is tipped to hit a 12% contribution to the region’s GDP by 2013; the autonomous region boasts with 450 major projects valued at $21 Billion, of which at least 20% is being funded in part through Foreign Direct Investment (FDI) .
Traditionally, family-owned conglomerates form the back-bone of any emerging economies, especially in the Middle East. Likewise, Kurdistan is rife with―often―family-owned large diversified conglomerates.The list below provides an overview of the most important diversified conglomerates that are crucial to know when doing business in Iraq’s Kurdistan.