The Kurdistan region has a burgeoning economy built upon progressive economic policies and growing government transparency. Investment opportunities span every sector, including Tourism, Construction, oil and gas, electricity, Agriculture, Security, Healthcare and the service industries. With the aim of identifying and promoting opportunities for growth, partnership and innovation towards a sustainable economic growth, the 1st Kurdistan Investment Conference will kick off on 18-19 April, 2017 in Erbil, Iraq, under the patronage of the Kurdistan Regional Government.
In the past few years, the Kurdistan Region has undergone great economic growth as international sanctions were lifted, including UN-imposed international sanctions on Iraq and Iraqi sanctions on the Kurdistan Region. With an abundant amount of proven natural resources and a tremendous labor force, the Kurdistan Region has the potential to become an emerging market offering excellent opportunities and thus a regional economic powerhouse.
The Kurdistan Regional Government has been taking steps to facilitate opportunities, and has passed laws and regulations and promotes foreign venture by providing numerous incentives and legal guarantees to protect investment in the Kurdistan region. H.E. Minister Falah Mustafa Bakir, Minister and Head of Department of Foreign Relations, Kurdistan Regional Government, commented, “Despite the regional challenges, I would like to reassure everyone that the Kurdistan Region remains safe, stable, and open for business. The outstanding international support for our region in its fight against terrorism and caring for the internally displaced people and the refugees demonstrates an investment in the future of Kurdistan and its people.”
Bakir added, “The Kurdistan Regional Government remains committed to provide the best possible business environment for foreign companies. An attractive investment law, stable business environment, and sizable foreign direct investment enabled Kurdistan to achieve remarkable economic developments in the past ten years. We truly believe that the Kurdistan Region can serve as the gateway to the rest of Iraq.”
One of the key features of the event is the Ministers Roundtable, which elaborates on unlocking investment opportunities, and will be joined by Kurdistan Regional Government Ministers, such as the Minister of Interior, Minister of Natural Resources, Minister of Housing and Construction, Minister of Planning and the Head of the Department of Foreign Relations.
The 1st Kurdistan Investment Conference is organized by Fleming, and is held under the patronage of Kurdistan Regional Government; the event will bring together the Kurdistan Regional Government, business and innovators together to discuss and explore business opportunities with the local private sectors. The conference will also enable its visitors to have a much better understanding about the business environment and abundant investment opportunities in Kurdistan.