Companies

Industrial Companies In Kurdistan | Largest Industrial Groups

editor@marcopolis.net (Jacques Yétérian) — Wed, 19 Dec 2012 16:11:32 +0000

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.

Contracting Companies in Kurdistan | List of Construction Companies

editor@marcopolis.net (Jacques Yétérian) — Wed, 19 Dec 2012 16:02:17 +0000

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) .

Diversified Conglomerates and Holdings in Kurdistan | List

editor@marcopolis.net (Jacques Yétérian) — Wed, 19 Dec 2012 15:04:18 +0000

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.

Internet Service Providers in Kurdistan | List of Top ISPs

editor@marcopolis.net (Jacques Yétérian) — Wed, 19 Dec 2012 13:10:56 +0000

According to the Kurdistan Region's Ministry of Transportation and Communications, there are currently 21 companies providing internet services in Kurdistan. The sector is divided into fixed line operators (that lease out their network but at the same time offer internet services), companies selling the internet, wireless internet service providers (mobile and WiMax) and satellite ISPs.

Foreign Banks in Iraq and Kurdistan | List of Foreign Banks

editor@marcopolis.net (Jacques Yétérian) — Tue, 18 Dec 2012 13:25:16 +0000

There are 12 foreign banks present in Iraqi banking sector. Most of the banks are from Lebanon, followed by banks from the Gulf and Turkey.

Islamic Banks in Iraq and Kurdistan | List of Top Islamic Banks

editor@marcopolis.net (Jacques Yétérian) — Tue, 18 Dec 2012 12:40:12 +0000

There are currently 11 Islamic banks operating in Iraq. According to the World Bank statement from 2010, "the Islamic banking activities in Iraq started in 1993, where the Iraqi Islamic Bank for Investment and Development was established as the first Iraqi Islamic bank. Islamic banks now have 83 branches and 1504 employees, with the ratio of branches and employees of the Islamic banks to that of all private banks being broadly similar at 19 percent and 17 percent.

Banks in Iraq | List of Top Banks in Iraq and Kurdistan

editor@marcopolis.net (Jacques Yétérian) — Tue, 18 Dec 2012 12:18:53 +0000

The two largest banks in Iraq is Trade Bank (Public) and North Bank (Private). View the latest list of the largest banks in Iraq.

Real-Estate Companies in Kurdistan | List of Top Kurdish Real-Estate

editor@marcopolis.net (Jacques Yétérian) — Fri, 14 Dec 2012 15:07:34 +0000

Real-estate sector in Iraq's Kurdistan is the second most dynamic sector after oil and gas. According to figures from the Kurdistan Investment Board (KIB), since the passage of an investment law in 2006, around $20 billion has been invested in Kurdistan. More than half of that, or $11.1 billion, has gone into the housing sector, the other sources state that 51% of all capital investment in the Region has been in real estate (around $9.8 billion to date).

Telecommunication Companies in Iraq & Kurdistan | Telecom List

editor@marcopolis.net (Jacques Yétérian) — Thu, 13 Dec 2012 13:44:43 +0000

Top Telecommunication Companies in Iraq & Kurdistan

Zain Iraq - 53% market share
AsiaCell - 31% market share
Korek Telecom - 15.7% market share

Introduction to the Telecom Sector in the Kurdistan Region of Iraq

penetration rate in the telecom sector stands around 75-78%, which is below penetration rates of the other Arab countries where it is 100% (for example 110% internet penetration rate in Saudi Arabia). The telecom sector experiences an exponential growth of 11.6%, where the penetration rate went in less than 7 years from 5% to 75%. The largest operator in the market is Zain with a 53% market share, followed by AsiaCell with a 31% market share and Korek Telecom with a 15.7% market share.

Kurdistan Oil Companies | List of Oil Companies in Kurdistan

editor@marcopolis.net (Jacques Yétérian) — Wed, 12 Dec 2012 17:24:21 +0000

Oil and gas reserves are undoubtedly the most important assets for Iraq's Kurdistan. According to OPEC, Iraq's resources of 143 billion barrels of crude oil and 126.7 trillion cubic feet of gas are the fourth largest in the world after Venezuela, Saudi Arabia and Iran. However, Iraq's oil production is almost half that of Iran, meaning there is plenty of room for growth.

Kurdistan accounts for 43.7 billion barrels of proven oil reserves, 25.5 billion more barrels of unproven reserves and between 3 and 6 trillion cubic meters of gas (30% of Iraq's proven oil reserves). If Kurdistan was a country, the amount of oil and gas reserves would place it among the top 10 oil rich countries in the world.

Kurdistan's Largest Companies | List of Top Companies in Iraq's Kurdistan

editor@marcopolis.net (Jacques Yétérian) — Wed, 12 Dec 2012 14:02:13 +0000

Marcopolis.net presents a list of the largest companies in the Kurdistan Region of Iraq. The emphasis is on local, mostly private sector companies. Most of the largest companies in Kurdistan are large diversified conglomerates with a mix of foreign and local capital.

Among the top 10 list are 2 telecom operators, 1 bank and 7 diversified conglomerates. Most of the labor force is employed in the public sector (more than 50%), thus the private sector in Kurdistan represents less than 50% of the economy. Due to lack of reliable data and statistics the main limitation of the list is that it does not provide the exact ranking from largest to smallest, rather it should be regarded as a general overview of the main players from different sectors of the economy in the Kurdistan Region of Iraq.