imported 2024-03-17 17:43:07
Falcon Oil and Gas (Falcon Group) began its operations in early 2013. The company provides specialized rental equipment and warehousing facilities to the major oil and gas companies and also service companies that are working in Iraqi Kurdistan. Falcon Oil and Gas aims to attract more international companies to the region through various joint ventures.
Suleiman E. Alazzabi, Managing Director of National Commercial Bank (NCB)
National Commercial Bank expects 5 to 10% growth of the Libyan banking sector in 2013/2014. As a part of their strategy, National Commercial Bank plans to establish a financial leasing company that will merge the traditional commercial side with the Islamic one, and an IT company. The Bank’s vision is to be the market leader in terms of transparency, quality and quantity of products. The MD is sure the National Commercial Bank will differentiate from other Libyan banks in terms of services and transparency during 2014/2015.
Mohamed Raied, Chairman of Al-Naseem Food Industries
“Everyone knows it was difficult for 40 years, especially difficult for the private sector in Libya. I had started with a food stuff trade in 1989 on a small scale with one shop in Misrata, then had an ice cream factory in 1993 and first I had only a basic ice cream machine that would produce 2,000 pieces/cups,” recalls Mohamed Raied. Today, Al Naseem is trying to be number one in Libya in producing dairy products.
Khaled Al Bakory, CEO of Privatization and Investment Board (PIB)
Most of companies from all over the world are concentrating on investments in the oil sector of Libya. However, the country has, according to Al Bakory, other attractive investment opportunities, particularly in the health and transportation sector. The aim of Privatization & Investment Board of Libya has been to attract variety of investment projects, including tourism and transportation.
Repsol is an international oil company (originally from Spain) that has been working in Kurdistan since mid-2011. Repsol has ongoing explorations in two blocks in the region and hopes to follow the success route of oil discoveries in Iraqi Kurdistan.
A revival of the health care sector in Iraqi Kurdistan happened 6 or 7 years ago. Healthcare facilities in Erbil, including private hospitals, experienced an increased demand as, due to security concerns in Iraq, more and more patients from different regions of Iraq started to come for treatment. In that time, Zozik Group opened its Soran Hospital. At present, Soran Hospital has 50 beds, 6 operation rooms, an IVF section, and all the other specializations except for the open heart operations and brain surgeries.
$25 billion had been spent on the development of the Erbil governorate in between 2004 and 2012, resulting in profound changes in different sectors, including construction and infrastructure, which predisposed Erbil to become an important trade center not only for Iraqi Kurdistan but for all of Iraq; thus becoming, for some, the economic capital of Iraq. Accommodating 37 nationalities and 27 consulates, Erbil boasts with an unemployment rate of about 5% and was named the tourism capital of 2014.
The idea of establishing a stock exchange in Iraqi Kurdistan dates back to 2007. Erbil Stock Exchange recently signed a new agreement with Nasdaq Omex, which will substantially facilitate companies participation whether they are local or foreign. All companies in Iraq, not only those in Erbil or other parts of Iraqi Kurdistan, will have the opportunity to be enlisted on Erbil Stock Exchange.
Herman Kojo Chinery-Hesse presents SOFTtribe’s new e-commerce platform to be launched soon, Shop Africa 53, as well as their latest robbery software system. He also shares his vision for the future and discusses partnership possibilities.
Prince Charles Dedjoe talks about the oil sector in Ghana and mentions some of the challenges in this area. He also presents his company, Chadeco Group, which objective is to set up an oil hub in Africa, and discusses investment and partnership opportunities.
