Young Entrepreneurs in Erbil Making a Killing

By John Lee.

Sitting on some of the world's largest untapped oil and natural gas reserves, the region is experiencing a surge in investment and construction.

Five-star hotels are dotting the skyline and luxury condo complexes with names like "American village" are opening on the outskirts of the city.

As oil companies set up shop in Iraq's semi-autonomous Kurdistan region, they're bringing in lots of money and creating new demand for things like conference centers, translators, restaurants and coffee shops.

This new demand, combined with liberal investment laws, is opening up the economy in a part of the world where business was once reserved for people with family or political connections

Click below to hear the full report from PRI:

(Source: PRI)

(Picture: Downtown Erbil Project  -- Emaar Properties)

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