ABOUT IRAQ

The capital of Kurdistan, Erbil, is arguably one of the oldest, constantly inhabited cities in the world and is one of the largest cities in Iraq. Erbil is witnessing an economic upswing and many foreign investors are considering Erbil as a potential investment destination due to the relative stability of the northern Kurdish region. The price of land has increased significantly over the last three years. Between 2005 and 2012, local and foreign investments in Erbil have exceeded US$14 billion. The largest share of this investment was focused on housing. The cabinet of the Kurdistan Regional Government (KRG) approved a supplementary budget of US$161 million for Erbil, bringing the total for the province's budget to approximately US$322 million. Foreign investment follows a similar trend, with the first half of 2012 reaching a peak of US$3.4 billion.

 SECTOR ADVANTAGES
Major local and foreign direct investment into all sectors in particular industrial, housing, landscaping, infrastructure and tourism, and the continued development of Erbil's airport, along with its leisure and commercial areas, should allow the hotel market to perform well throughout the rest of 2013 and in the near future. This demand is expected to be absorbed by the significant increases in branded hotel and serviced apartment supply entering the market as the area develops

The Kurdistan region of Iraq offers more stable base and gateway to the rest of the country. So the region will keep growing and region requires to invest 30 billion USD for infrastructure until 2020.

The private sector is gaining prominence and foreign capital is being invested into oil & gas, construction, landscaping, infrastructure, telecom, hospitality projects. Almost all regional economy of construction based on import and together with the incentives many foreign construction company has started to make investment to the region.

The Most Profitable Market: Iraq
The population is 34,4 million people
Iraq's economy is dominated by the oil sector. Iraq ranks second in the world behind Saudi Arabia in the amount of oil reserves.
Iraq's import is $ 77,2 billion.
The Kurdistan region drives growth in Iraq's construction and building, landscaping and infrastructure sector.
The government rebuilds essential infrastructure from power and water utilities and transportation infrastructure to residential housing. The reconstruction of Iraq's infrastructure continues and the construction industry will benefit from a sizeable investment plan and inflated budget.