Kurdistan Investment Board to Set up Iron Factory

The Kurdistan Investment Board is currently deciding on a location for the largest iron factory in Kurdistan, which will be built at a cost of $130 million by a French company.

The plans are at an early stage, according to Hersh Muharram, chairman of the investment board, and the plant will be built in cooperation with a Turkish company in the city of Sulaimaniyah.

“This development,” comments Robert Edwards, Chief Operating Officer of Anglo Arab Insurance Brokers, ”is emblematic of the surge in new infrastructure initiatives in the Kurdish region and in wider Iraq.  We are seeing more and more enquiries from interested investors into how new projects, people and assets can be protected.  We have offices in the Kurdish region of Iraq and in Baghdad and we are busy helping clients find smart ways to transfer risk and protect their balance sheets in this high risk emerging market.”

Would-be investors in Europe would be well advised to consider attending the KRG conference in London in June.  Mr. Edwards goes on to say, “The Kurdish Region in particular is experiencing strong investor interest and the conference is an ideal opportunity to explore the opportunities there.”

The Kurdistan Regional Government (KRG) will be holding the trade and investment conference in London on 15th and 16th June this year.   The conference, which has the full support of Prime Minister Barham Salih, gives serious international investors and companies the opportunity to meet the KRG’s high officials, ministers and decision-makers.

They will also hear from foreign and Iraqi companies with first-hand experience of doing business in the Kurdistan Region, the safe and secure gateway to all of Iraq.

Ms Bayan Sami Abdul Rahman, the KRG’s High Representative to the UK, said, “There is a great deal of interest in trade and investment opportunities in Kurdistan. Through this conference, we hope to give international companies and individuals the information and contacts they need in whatever sector they are interested in, including oil and gas, security and defence, education and training, agriculture, construction and tourism.”

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