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$400 million allocated for various projects in Duhok: investment official
[You must be registered and logged in to see this image.]A general view of Duhok city (File)
SULAIMANI — Head of the Duhok Investment General Directorate Kurdo Ehsan said on that a number of projects in health, housing, agriculture and industry sectors has started with the allocation of $400 million in Duhok governorate.
Ehsan told Kurdistan Democratic Party (KDP) official media that the projects would have advantages for enhancing job opportunity in the governorate.
“The projects had been divided among the Duhok’s districts with a 400 million funding, which is a step of investment,” he said.
Over the recent months, the Kurdistan Democratic Party’s (KDP) has [You must be registered and logged in to see this link.]a slew of new infrastructure and economic development projects, including a 100-bed hospital near Duhok governorate’s Deraluk town, a project to rebuild the road between Zakho and the Turkish border, and a purported $1 billion Chinese investment for a commercial development outside Erbil city
.
The Kurdistan Regional Government (KRG) is currently facing a large budget shortfall due to fall in oil prices that [You must be registered and logged in to see this link.]its public sector employees [You must be registered and logged in to see this link.] and funding from the federal government. In his words, Barzani previously [You must be registered and logged in to see this link.] the KRG “has no financial savings or reserves.”
In the face of growing public anger over deteriorating economic conditions, it is understandable that the KDP would turn to populist promises about spending and infrastructure improvement. Whether it will be able to make good on those promises remains an open question.
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