Korek Telecom: Erbil-based Company Top Player in Iraqi Mobile Space
Korek is a big player in Iraq now, “we have nationwide coverage. We increased our market share by 4 percent in less than a year: we moved from 11 to 15.7 percent.”
imported 2024-03-17 17:43:07
Korek is a big player in Iraq now, “we have nationwide coverage. We increased our market share by 4 percent in less than a year: we moved from 11 to 15.7 percent.”
You cannot build an instant country, but since the 2003 fall of the Hussein regime, the autonomous Kurdistan region has been accomplishing something close to this with its rapid pace of business and infrastructure construction supported by a strong boom in the oil based economy.
For Nozad Dawood Fattah Al-Jaff, chairman of North bank, the goal is to be not only the largest bank in Iraq, but to be recognized as a strong regional player as well.
Newroz Telecom is building a high-speed broadband ADSL network in Erbil and Dohuk and laying more than 1,500 kilometers of fiber-optic cable, according to the Newroz Telecom website.
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Among the small but growing band of investors in the Iraq Stock Exchange (ISX), the question most asked is whether 2013 will mark the start of a new bull market.
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.