Iraqi Kurdistan Shifts Investment Approach
The Kurdistan Region of Iraq is shifting its investment and development focus from housing to tourism, agriculture and other industry, writes Abdel Hamid Zebari.
The Kurdistan Region of Iraq is preparing to change its investment approach to focus on new areas of foreign and local investment — including tourism, agriculture and industry — after having focused exclusively on housing for the past six years.
According to statistics obtained by Al-Monitor from the General Investment Authority in the Kurdistan Region, foreign and local investments have reached $24.5 billion across 521 projects extending over an area of 8500 acres in the region’s three major cities, Erbil, Sulaymaniyah and Dohuk.
