Lack of Financial Infrastructure is the Biggest Challenge for Businesses

Saad Hassan, Vice Chairman of Qaiwan Group of Companies, one of the major diversified companies headquartered in Sulaymaniyah with an annual turnover of US$ 3 bn, talks about the biggest challenge for companies when doing business in Iraq and Iraqi Kurdistan.

Saad Hassan, Vice Chairman of Qaiwan Group of Companies, one of the major diversified companies headquartered in Sulaymaniyah with an annual turnover of US$ 3 bn, talks about the biggest challenge for companies when doing business in Iraq and Iraqi Kurdistan.

According to Hassan the unavailability of a sound and structured banking sector and infrastructure is the most pressing issue for business.

He suggest that the public sector should help the private sector in developing the banking infrastructure in Iraqi Kurdistan.

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