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Investment of one billion and 270 million dollars during the year in Erbil
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The Director General of Investment in the province of Arbil, the Kurdistan region, on Thursday, that last year saw the [You must be registered and logged in to see this link.] billion and 270 million dollars within the province, pointing to an increase in the proportion of investment compared to 2017 was twice and expected increase this year.
The Director General of the investment in [You must be registered and logged in to see this link.] Saman Arb, they directed a letter to all ministries in the provincial government to send their investment projects to the Directorate to grant them a work permit, but the economic situation in the region this year will be better in general, especially with regard to investment compared to previous years.
He added that there are many factors that contribute to the continuous improvement of the economic situation in the region, including the political situation and the end of the war, "dashing" and improve relations between the region and Baghdad and a number of other factors.
"Last year, the Directorate granted 24 [You must be registered and logged in to see this link.] licenses worth 1 billion and 270 million dollars for the implementation of several projects," he said, pointing out that this is twice the amount invested in the previous year (2017).
He said that new companies are constantly submitting their applications for licenses to invest, including Saudi companies, Turkish, Kuwaiti, UAE and many other countries, referring to the appropriate conditions for the work of companies.
He added that the projects are required to implement most of them in the field of industry, trade and tourism, pointing out that these areas are more advanced today and will pay more attention this year.
The Director General of the investment in [You must be registered and logged in to see this link.] Saman Arb, they directed a letter to all ministries in the provincial government to send their investment projects to the Directorate to grant them a work permit, but the economic situation in the region this year will be better in general, especially with regard to investment compared to previous years.
He added that there are many factors that contribute to the continuous improvement of the economic situation in the region, including the political situation and the end of the war, "dashing" and improve relations between the region and Baghdad and a number of other factors.
"Last year, the Directorate granted 24 [You must be registered and logged in to see this link.] licenses worth 1 billion and 270 million dollars for the implementation of several projects," he said, pointing out that this is twice the amount invested in the previous year (2017).
He said that new companies are constantly submitting their applications for licenses to invest, including Saudi companies, Turkish, Kuwaiti, UAE and many other countries, referring to the appropriate conditions for the work of companies.
He added that the projects are required to implement most of them in the field of industry, trade and tourism, pointing out that these areas are more advanced today and will pay more attention this year.
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