List of all articles filed under “invest-in-kurdistan” category.
As is the case in many conflict and post-conflict economies, in Iraq the private sector is primarily cash-based. Bank financing is unavailable for all but the largest companies and even then is limited mainly to overdraft facilities.
Not long ago, the future looked bright for the Kurdistan Region of Iraq (KRI). Long an oasis of peace in an otherwise unstable region, by 2013 the three Kurdish provinces of Erbil, Sulaimaniyah, and Dohuk had become the most prosperous part of the country. Not only were they developing their own oil and gas resources but they were also diversifying into non-oil sectors such as cement, tourism, and real estate. In the major cities consumers were flush with cash—business was booming at shopping malls, car dealerships, gold shops, hotels, and restaurants. Iraq’s tallest apartment and office buildings were under construction. The region’s dream of becoming the “next Dubai” seemed to be fast becoming a reality.
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.
$25 billion had been spent on the development of the Erbil governorate in between 2004 and 2012, resulting in profound changes in different sectors, including construction and infrastructure, which predisposed Erbil to become an important trade center not only for Iraqi Kurdistan but for all of Iraq; thus becoming, for some, the economic capital of Iraq. Accommodating 37 nationalities and 27 consulates, Erbil boasts with an unemployment rate of about 5% and was named the tourism capital of 2014.
Saad Hassan, Vice Chairman of Qaiwan Group of Companies, an operator of the Bazian Refinery near Sulaymaniyah, talks about the expansion plans and the strategy.
Mark DeWeaver, Co-founder of Quantrarian Capital Management – a DC-based emerging markets hedge fund – and author of Animal Spirits with Chinese Characteristics: Investment Booms and Busts in the World’s Emerging Economic Giant, discusses the stability issues in Iraq.
Mark DeWeaver, co-founder of Quantrarian Capital Management – a DC-based emerging markets hedge fund – and author of Animal Spirits with Chinese Characteristics: Investment Booms and Busts in the World’s Emerging Economic Giant, reveals the secrets to investing in Iraqi stock market.
Mark DeWeaver, co-founder of Quantrarian Capital Management – a DC-based emerging markets hedge fund – and author of Animal Spirits with Chinese Characteristics: Investment Booms and Busts in the World’s Emerging Economic Giant, discusses the general economic overview of Iraq.
Mark DeWeaver, co-founder of Quantrarian Capital Management – a DC-based emerging markets hedge fund – and author of Animal Spirits with Chinese Characteristics: Investment Booms and Busts in the World’s Emerging Economic Giant, discusses the general economic overview of Iraq.
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.
