imported 2024-03-17 17:43:07
Kurdistan Travel Tips: One of the Best Business Hotel in Erbil – Tangram Hotel
New Tangram Hotel, a subsidiary-brand of Kempiniski Hotels opened a new innovative business hotel in Erbil, Kurdistan as a part of their international expansion.
For some time the Northern Iraq city and province of Kirkuk has been the political, security and economic fault line between the increasingly autonomous Kurdistan Regional Government, and federal Iraq.
Driving the region’s economy is Kurdistan’s gas and oil reserves, estimated respectively at 100-200 trillion cubic feet and 45 billion barrels, with possibly another 25 billion potential barrels in unproven reserve.
The US-Kurdistan Business Council led a delegation of 48 members representing 30 companies from a diversity of business sectors.
A prominent area of early investment since 2006 has been in the lucrative real estate sector.
At the top of the list driving the region’s economy is Kurdistan’s gas and oil reserves, estimated respectively at 100-200 trillion cubic feet and 45 billion barrels, with possibly another 25 billion potential barrels in unproven reserve.
The Minister reveals his greatest worries and also plans in order to improve the state of infrastructure in the Kurdistan region of Iraq.
Traditionally, family-owned conglomerates form the back-bone of any emerging economies, especially in the Middle East. Likewise, Kurdistan is rife with―often―family-owned large diversified conglomerates.The list below provides an overview of the most important diversified conglomerates that are crucial to know when doing business in Iraq’s Kurdistan.
According to the Kurdistan Region’s Ministry of Transportation and Communications, there are currently 21 companies providing internet services in Kurdistan. The sector is divided into fixed line operators (that lease out their network but at the same time offer internet services), companies selling the internet, wireless internet service providers (mobile and WiMax) and satellite ISPs.
Listed as the third largest computer market within the Gulf region, Kuwait is expected to have favorable IT conditions this year. According to the Business Monitor “the country is projected to spend over $900 million in 2012 within the IT sector alone, which is a 9% increase from previous years. Due to high oil revenue, Kuwait is one of the most advanced IT states in the region.”
