By John Lee. The Kurdistan Investment Board has confirmed the formation of joint committees with the National Investment Commission (NIC) to develop cooperation in industrial sectors and support continued investment activity across Iraq. Mohammed Shukri, head of the Kurdistan Investment Board, told the state-run Iraqi News Agency (INA) that relations with the NIC are strong, […]
By John Lee. KRG Prime Minister Masrour Barzani welcomed a delegation from the International Finance Corporation (IFC) headed by Mr. Khawaja Aftab Ahmed, IFC's Regional Director for the Middle East, on Wednesday. During the meeting, the two parties discussed ways to enhance cooperation and expand joint projects between the KRG and the IFC, a member […]
Dr. Mohammad Shukri Mohammad Saeed, head of the Kurdistan Region Investment Board, has made an announcement regarding housing units for low-income earners, stating that they will be ready for occupancy by the middle of next year. During an interview with the official website of the Kurdistan Regional Government, Dr. Saeed shed light on the lengthy […]
By John Lee. The Chairman of the Kurdistan Investment Board (KIB) has met with the German companies Martin Rose GmbH and HG Gruppe to discuss investment projects in road and railway construction. According to the KIB, both companies have experience in constructing high bridges, roads, and railways in Europe, Africa, and the Middle East, and […]
By John Lee. China's Gezhouba Group has offered to invest $10 billion in Iraq's Kurdistan region. According to a report from Kurdistan24, a translation of which was published on the company's website, the investment is intended for roads, railways, the power sector and dams. Mohammed Shukri, chairman of the Kurdistan Investment Board, is quoted as […]
By John Lee. Dubai-based Emaar Properties is expected to sign a contract worth over $2 billion with Kurdish company Faruk Group Holding to develop a resort in Sulaymaniyah. Herish Muharam Muhamad, chairman of Kurdistan Investment Board (KIB), said the Dukan tourist city project will include hotels, restaurants, residential areas, cinemas and casinos. Emaar last year signed […]
Austrian companies in Vienna heard about the investment and trade opportunities in the Kurdistan Region, at the first business lunch to be jointly hosted by the Kurdistan Regional Government Austrian Representation and the Austrian Federal Chamber of Commerce. The guest of honour was Chairman of the Kurdistan Investment Board Minister Herish Muharam, who on the […]
Since the beginning of this year most of the investment in Iraqi Kurdistan has taken place in Erbil, according to figures from the Kurdistan's Investment Board. AKnews reports that the Kurdistan Region's total volume of investment in the "first period" of this year was $3.1bn (3.6 trillion Iraqi dinars), but does not break this down […]
The Chairman of Kurdistan's Investment Board said that the board will adopt a more strategic approach and devolve investment licensing powers to its three provincial directorates. Minister Herish Muharam, speaking at the 'Iraq: Untapped Opportunities' conference in London, said, "To increase the efficiency of our Investment Board, we are delegating more of our operations to […]
At the 'Iraq: Untapped Opportunities' conference in London on Tuesday, Padraig O'Hannelly, for Iraq Business News, pressed the Chairman of the Kurdistan Board of Investment, H.E. Herish Muharam, on reports that the KRG had been in discussions with Shell: IBN: "Is it true that Shell was in discussions with Kurdistan relating to exploration contracts, and […]
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 […]
