Kurdistan’s Economy Discussed at MEED Event

Tuesday marked the conclusion of Kurdistan Projects, a three-day event organized by MEED which successfully attracted a large number of international companies pursuing investment and business opportunities.

Attendees heard from senior KRG officials, government experts, and leading private sector representatives on a wide range of topics.

This is the third year MEED has hosted a conference in Erbil, with the Kurdistan Projects event highlighting four key themes: sustainable long-term growth, improvement of building standards, improvement of workforce capacity, and the latest economic developments of the Region.

KRG Spokesperson Minister Safeen Dizayee (pictured) discussed the development of the Kurdistan Region over the last decade as well as current political issues. He said:

“The KRG was dismayed by the decision taken in Baghdad to unilaterally and illegally cut the Kurdistan Region’s budget. Despite this, the KRG remains open to dialogue and partnership, but so far the dialogue has not been very fruitful.”

In response to a question, the Minister pointed out that Baghdad owes the KRG more than $6 billion and has not received any budget at all for months. At the same time Minister Dizayee assured investors that despite outstanding disagreements with Baghdad, the investment climate in Kurdistan remains bright, businesses continue to thrive, and the KRG is fully committed to promoting private sector development.

4 Responses to Kurdistan’s Economy Discussed at MEED Event

  1. Claude Lebel June 12, 2014 at 12:43 am #

    If the business climate is so great in Kurdistan for foreign investors, please give the true reasons why KRG expelled a well-known Canadian business woman in Arbil, namely Mrs. Denise Abou Roufayel, on Sunday June 8, 2014.

    Unless said true reasons are fully given to the readers of Irak-Business News, be hereby forewarn that a foreign investor and business man or woman do not have any rights in Kurdistan.