Kurdistan: Gateway to Iraq
Exclusive interview with the Chairman of Rabee Securities Shwan Ibrahim Taha.
Iraq adopted a federal model of governance. Since then the Kurdistan Region enjoyed a relative stability and security – Erbil in particular – and Kurdistan has become one of the most developed places in Iraq.
The KRG policies focused on the private sector helped to transform the region into one of the most attractive places to do business in Iraq. This is somehow opposite to the central government’s legacy of believing that everything should be controlled, that businesses should not all go to the private sector, that electricity should be produced by the government, that telecommunications should be provided by the government etc.
The Kurdistan Region of Iraq has done tremendously well in capitalizing on the upswing in the oil sector. Today almost all major oil companies are present there. These are very positive events or milestones for this region.