23% of Investment in Kurdistan is from Foreign Countries

Foreign companies and governments account for about 23 percent of the investment in the Kurdish Region, according to a report from AKnews.

The Kurdistan Investment Board said that $3.9 billion [4.6 trillion Iraqi dinars] of investments came from up to 20 countries in the past 5 years.

With $17.4 billion [20.3 trillion Iraqi dinars] was spent in Kurdistan in total, foreign investment accounts for 22.4 percent.

The biggest foreign investments were in housing which accounts for $7.e billion [8.47 trillion Iraqi dinars].

The biggest foreign investor is Kuwait with $1.55 billion [1.8 trillion Iraqi dinars], followed by Turkey with $702 million [818.11 billion Iraqi dinars], and Egypt with $350 million [407.89 billion Iraqi dinars].

(Source: AKnews)

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