Kurdistan: Agriculture Taking Second Place to Oil Development
Investing in the agriculture sector is of continuing interest to the KRG, for reasons practical – becoming food self-sufficient- and also for reasons historical and cultural.
imported 2024-03-17 17:43:07
Investing in the agriculture sector is of continuing interest to the KRG, for reasons practical – becoming food self-sufficient- and also for reasons historical and cultural.
“Investors look for some pillars when they make their analysis of an investment climate. One is them is the legal framework. Kurdistan’s investment law was found to be the friendliest law for foreigners, with a high scale of incentives, flexibility in dealing with investors, giving good rights and position to the foreigners and protection measures.”
For the last several years the semi-autonomous Kurdistan region of northern Iraq has been attracting a relatively large, continuously growing, amount of investment; including local investment, foreign direct investment, and foreign/local partnerships.
The “Empire World Project” is a prime example of the new Kurdistan; a combination of business and leisure, and showcases the promising increase in investment and business confidence.
Korek Telecom is a big player in Iraq with a nationwide coverage. Korek’s market share now stands at 15.7%. The Iraqi telecom operator offers the best quality and price. Also, a year ago Orange and Agility became Korek’s partners, bringing in finance and know-how. Mrs. Gebara also discusses the 3G connection in Iraqi Kurdistan and the story of Korek going IPO.
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.
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.