Real-Estate Sector in Kurdistan: Low-Risk High-Return
Exclusive interview with Peshraw Majid Agha, Chairman of Empire World and Falcon Group.
imported 2024-03-17 17:43:06
Exclusive interview with Peshraw Majid Agha, Chairman of Empire World and Falcon Group.
Exclusive interview with Peshraw Majid Agha, Chairman of Empire World and Falcon Group.
Tourism is one venue of economic growth that presents immense potential, as the region is a geographical marvel that is steeped in rich history and culture. Erbil, the functioning capital of the Kurdistan region, was chosen as the 2015 capital of Arab Tourism.
Not only does Kurdistan have valuable natural resources and numerous opportunities to develop an entirely new business infrastructure, the region also offers unique opportunity to combine these emerging sectors to develop business and MICE tourism in Kurdistan.
Salaei Group consists of different companies working in various fields such as construction, general trading or agriculture. Mr. Hasan highlights the fact that foreign companies investing into Kurdistan are primarily bringing in new expertise and technology. Salaei Group has already successfully imported construction technology from Germany, the UK or Italy.
Kurdistan Top Stories
Report: Women’s Rights in Iraqi Kurdistan
While many areas retain the traditional female role and conservative gender practices in society, in some areas of Iraqi Kurdistan the role of women has changed, equal social treatment is more commonplace, and women are functioning in positions that were previously male dominated.
Newroz group is a regional telecom group. When Newroz Telecom began their operation in 2005 the internet penetration rate was almost zero. Newroz Telecom was the first company to interconnect Iraq around the world and replace the old connections. Following the recent negative experience in Iraq, Newroz Telecom is now focusing on Kurdistan only. The company plans to deploy 4G (LTE) all over the Kurdistan region of Iraq.
Imagine it is 2005 and the Internet penetration rate of Kurdistan (KRG) is near to zero, the only telecom was the government monopoly entity with aging exchanges and no fiber optics.
Two years ago an ISP or a data company had always had a disadvantage in comparison to a 2G mobile company, as the latter always had an upper hand because the voice application was more popular.
The Internet penetration rate in Iraqi Kurdistan is a subject to controversy. Kawa A. Junad, CEO of Newroz Telecom, the largest and leading Internet provider in Kurdistan, believes that the penetration rate is around 7% in Kurdistan and 1% in the greater Iraq.