the Kurdistan Regional Government's Board of Investment. Photo: 964media
Turkey leads chard
Foreign investment in Kurdistan Region tops $10b over 17 years
ERBIL — Foreign investment in the Kurdistan Region has topped $10 billion, as reported by the Kurdistan Regional Government’s Board of Investment.
Investors from Turkey, Iran, Lebanon, Russia, the United Arab Emirates, the United States, and China are making significant contributions to the region’s economy.
Pishtiwan Hama Saeed, the general director of the board, told 964media that Turkish companies are at the forefront of investment in the region, with Lebanese enterprises following closely behind.
“Iranian firms have the smallest independent investment footprint in the region, with Turkish companies undertaking 17 projects and Lebanese entities participating in 10 projects,” he noted.
From 2006 through the end of 2023, foreign enterprises have launched 45 investment projects in the Kurdistan Region, amassing a total capital of $10 billion.
Hama Saeed further mentioned, “Beyond these initiatives, 29 collaborative projects between Iraqi and foreign companies have received approval in the Kurdistan Region.”
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