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.
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.
Most roads were old and there is a great need to renew and rebuild these roads, as well as construct new lines of transportation including roads, tunnels, highways and railways. We need international companies to joint venture with local companies to carry out large projects in Kurdistan…
Mass Global Investment Company is involved in many sectors which include power plants. We have an active power plant in Erbil which generates 1,000 megawatts, we also have another power plant in Sulaymaniyah which also generates another 1,000 megawatts and another power plant in Duhok which generates 500 megawatts of power. We are also working to develop our project in Erbil…
“We focus our efforts to rebuild Iraq and its different sectors like construction, real estate, transportation, agriculture, security, oil and gas services and many other fields … because we love our country and we focus on rebuilding and investing in it.”
Kurdistan Top Stories
Falcon Security: Professional Security Services in Iraq
Licensed by the Iraqi Minister of Interior and the KRG, and with offices and operations centers in Baghdad, Basra, Erbil, Kirkuk, Dohuk and Sulaymaniyah, Falcon Security is in a strategic position to provide professional security services anywhere in Iraq.
Autonomous Kurdistan has found itself with a comparative advantage in the telecoms department, with defacto faster Internet connections and consistent mobile service compared to the rest of federal Iraq.
