Kurdistan: Agriculture Taking Second Place to Oil Development
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.
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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.
“Investors look for some pillars when they make their analysis of an investment climate. One is them is the legal framework. Kurdistan’s investment law was found to be the friendliest law for foreigners, with a high scale of incentives, flexibility in dealing with investors, giving good rights and position to the foreigners and protection measures.”
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.
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.
View an exclusive interview with the leading private bank in Iraq and the Kurdistan Region of Iraq – North Bank.
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.
Exclusive interview with Peshraw Majid Agha, Chairman of Empire World and Falcon Group.
Newroz group is a regional telecom group. When Newroz Telecom began their operation in 2005 the internet penetration rate was almost zero. Newroz Telecom was the first company to interconnect Iraq around the world and replace the old connections. Following the recent negative experience in Iraq, Newroz Telecom is now focusing on Kurdistan only. The company plans to deploy 4G (LTE) all over the Kurdistan region of Iraq.
Imagine it is 2005 and the Internet penetration rate of Kurdistan (KRG) is near to zero, the only telecom was the government monopoly entity with aging exchanges and no fiber optics.
Two years ago an ISP or a data company had always had a disadvantage in comparison to a 2G mobile company, as the latter always had an upper hand because the voice application was more popular.