Economic Prospects for Erbil Look Bright

By Patrick M Schmidt.

While the security situation in some parts of Iraq remains in flux, the north region of Kurdistan continues to attract foreign businesses as a promising location for investment.

With a 12 percent growth in Gross Domestic Product (GDP) in 2012 and another 8 percent growth of GDP in 2013, Kurdistan’s economic figures look strong.

While some challenges do exist in terms of construction and the financial sector, Kurdistan has plenty of available labor with a high percentage of multi-lingual, young workers.

In addition, the rapid economic growth presents a multitude of opportunities for foreign companies to enter the market and assist with critical infrastructure projects.

Currently a number of European expatriates are working to expand their own businesses and reveal the lucrative investment opportunities to those who may initially be scared to enter the market.

(Source: Rudaw)

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