Rashid Mohamed Rashid, Egypt’s Trade and Industry Minister, is to head a delegation of investors on a visit to Iraqi Kurdistan, to consider the possibility of establishing projects in industry, tourism, energy, housing and infrastructure in the Kurdistan provinces.
Egypt is encouraging the private sector to go to Iraqi Kurdistan as part of the support of Egypt to Iraq in general, and Kurdistan province in particular, to give a push to the economic development process, Rashid said.
The Prime Minister of Iraqi Kurdistan, Barham Salih [Saleh], said that Kurdistan would provide Egyptian businessmen with all possible facilities to work in the areas of industry, energy and infrastructure.
Saleh, who visited Egypt early this month, said that $100 billion was allocated by Kurdistan for government expenses in development projects.
Iraqis in northern Iraq welcome Egyptian businessmen and are viewing the Egyptian role as essential to the stability of Iraq.
Saleh said that he is looking forward to making use of the Egyptian experience in economic development as it is one of the leading experiences in the developing countries.