List of all articles filed under “kurdistan-interviews” category.
Most roads were old and there is a great need to renew and rebuild these roads, as well as construct new lines of transportation including roads, tunnels, highways and railways. We need international companies to joint venture with local companies to carry out large projects in Kurdistan…
Mass Global Investment Company is involved in many sectors which include power plants. We have an active power plant in Erbil which generates 1,000 megawatts, we also have another power plant in Sulaymaniyah which also generates another 1,000 megawatts and another power plant in Duhok which generates 500 megawatts of power. We are also working to develop our project in Erbil…
The banking sector in Kurdistan and Iraq is in need of major reforms. There are a number of banks interested in the market as it has huge growth potential but lack of strong regulator robust regulations is deterring major banking players from entering the country.
The international and local investments into the Kurdistan Region have affected it positively though the lack of credit system in Kurdistan still hinders larger, long-term investments. On the other hand, the cash-based projects are less riskier than projects financed through bank loans like in the US, Europe or UAE. Falcon Group, one of the leading companies in Iraqi Kurdistan, earns money from Iraq and invests it back in Iraq; its primary effort is to rebuild Iraq and its different sectors of economy.
However, we see that there is a need for 350,000-500,000 houses while there are currently only 120,000. Moreover, the number of residents is increasing so the demand for houses is there.
Saad Hassan claims any estimates for the growth of oil and gas sector in Kurdistan are going to be surpassed; the growth will be immense. Qaiwan Group is a regional company present in different countries, employing more than 2,000 people. Mr. Hassan’s dream for the company is to get it listed among at least the 100 largest companies in the world in ten years’ time.
Kyle Long, Director of Communications at American University of Iraq, Sulaimani
There’s a longer history of private education in other parts of Iraq in the south, particularly in Baghdad, but in the Kurdistan region this is something of a novelty. There are about a dozen or more private universities in the Kurdistan region. The American University of Iraq, Sulaimani, was founded in 2007. The university is the only private not-for-profit university in the Kurdistan region (and Iraq, too).
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.
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.
