Investors Confidence in Kurdistan
Exclusive interview with Peshraw Majid Agha, Chairman of Empire World and Falcon Group.
The Chairman of Empire World and Falcon Group and a chief businessman in Kurdistan Peshraw Majid Agha believes that Kurdistan holds major advantages for the future development.
Firstly, the Kurdistan Region of Iraq is an emerging market moving towards open market economy. It enjoys stable currency against the US dollar, general stability and security. All these factors contribute to investors’ confidence.
The Kurdistan Region has endless business potential thanks to numerous untapped business opportunities. “The US has already invested 16 Billion dollars since 2006,” says Peshraw Majid Agha. The government has many new projects under way that aim to attract more investors and business, including infrastructure, irrigation, food processing, education, health-care, electricity, transportation, bridges and dam projects.One of the showcases of growing investors’ confidence is the arrival of Marriott brand into Kurdistan; a new 5* Marriott hotel will be part of the mega development called “Empire World” – a US$ 2.3 billion project that includes villas, apartments, top of the line office space and entertainment zones.