Erbil Ranked 5th for Foreign Direct Investment

The Kurdistan Board of Investment and Ministry of Trade and Industry go out of their way to ease business in Kurdistan, with the assistance of the chambers of commerce and other trade organisations. The Board of Investment estimates $17 billion has been invested in projects ranging from cement factories to shopping malls in Kurdistan in the past five years.

European business communities are also turning to Kurdistan and there are regular trade delegations visiting the region from the UK, France, Italy, Austria, Germany and other EU countries. Erbil’s international airport offers direct flights to Frankfurt, Vienna, Amman and many other destination and an increasing number of hotels in the capital make it a business friendly environment.

A trade and investment conference in London last year attracted over 600 people representing 205 companies, 60 media organisations and close to 20 diplomatic missions.

Kurdistan has also recently been listed as a favourite tourist destination. The New York Times placed the region in its top 34 places to visit and National Geographic Magazine listed it as 20.

(Source: KRG)

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One Response to Erbil Ranked 5th for Foreign Direct Investment

  1. […] an influx of foreign construction companies from neighboring countries such as Turkey, as well as¬†foreign investment capital from countries throughout the region and […]

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