imported 2024-03-17 17:43:06
As is the case in many conflict and post-conflict economies, in Iraq the private sector is primarily cash-based. Bank financing is unavailable for all but the largest companies and even then is limited mainly to overdraft facilities.
Not long ago, the future looked bright for the Kurdistan Region of Iraq (KRI). Long an oasis of peace in an otherwise unstable region, by 2013 the three Kurdish provinces of Erbil, Sulaimaniyah, and Dohuk had become the most prosperous part of the country. Not only were they developing their own oil and gas resources but they were also diversifying into non-oil sectors such as cement, tourism, and real estate. In the major cities consumers were flush with cash—business was booming at shopping malls, car dealerships, gold shops, hotels, and restaurants. Iraq’s tallest apartment and office buildings were under construction. The region’s dream of becoming the “next Dubai” seemed to be fast becoming a reality.
An exclusive interview with Marc Faber, Editor and Publisher of “The Gloom, Boom & Doom Report”.
Since the beginning of the Islamic State’s (ISIS) hostilities against Kurdistan, which began in August 2014, Falcon Group has stepped forward to provide support and services to the Peshmerga forces.
The role of tourism has been, is and will continue to be very important. When I first arrived in Kurdistan two years ago, there were not nearly as many hotels and brands with their eyes focused on Kurdistan as there are today. The role of the tourism industry is continuously increasing here.
Doaa Amin, General Manager of Tangram Hotel talks about her vision for Tangram Hotel. The General Manager wants the hotel to become the best business hotel in Erbil and in Iraqi Kurdistan.
According to Doaa Amin, General Manager of Tangram Hotel Erbil tourism sector in Erbil could be improved by simplifying the visa procedures. Despite Challenges tourism sector continues steady progress to place Erbil as one of the regional tourism hot-spots.
According to Doaa Amin, General Manager of Tangram Hotel Erbil hotel industry in Iraqi Kurdistan is booming. International brands such as Marriott are entering the market and more hotel rooms will enter the market in the next 5 years.
Doaa Amin, General Manager of Tangram Hotel Erbil talks about Erbil being the Arab Tourism Capital for 2014 and its main tourism attractions. Also, she discusses how Tangram Hotel is capitalizing on this opportunity.
Doaa Amin, General Manager of Tangram Hotel Erbil talks about Iraqi Kurdistan and its potential to become the top tourism destination in the region.
