Click Image to Enlarge:PM Barzani Launches Invest KurdistanKurdistan Region PM Masrour Barzani attended the official launch of the Invest Kurdistan brand and website on Monday, delivering a speech that highlighted the Region's commitment to economic growth and the facilitation of domestic and foreign investmentsAddressing the audience, PM Barzani expressed his pleasure in launching the online platform, which aims to enhance the investment process and provide accessible information on investment opportunities in the Kurdistan Region.
He underlined the mutual reliance and collaboration between the public and private sectors, emphasizing that this belief goes beyond mere rhetoric. The Kurdish leader acknowledged the essential role of the private sector in revitalizing the Region's economy and praised its steadfastness and contribution during challenging times, such as the COVID-19 pandemic and regional instability.
The prime minister called for a unified effort to create a promising future, outlining the regional government's commitment to fostering an investment-friendly environment. PM Barzani acknowledged the progress made in removing legal and bureaucratic hurdles, but highlighted the need for further improvements to attract investors and streamline the investment process.
The Kurdish prime minister stressed the importance of establishing a reliable and efficient banking system to support investment activities, affirming the government's dedication to this objective.
Efforts have been initiated to digitize investment-related services, ranging from company registration to project approvals, with the aim of expediting procedures and minimizing delays. PM Barzani urged relevant institutions to accelerate the provision of suitable land for investors and urged streamlined processes.
Highlighting the stability and peacefulness of the Kurdistan Region, he highlighted the Region's advantageous geographical and natural features that make it an ideal destination for investments in agriculture, tourism, and industry.
The regional government's economic policy focuses on diversification, aiming to support a wide range of investment opportunities. Prime Minister Barzani underscored the Region's potential in human resources, and by investing in this area, he expressed confidence in securing a brighter future for the country.
Referring to the Kurdistan Innovation Institute (KII) launched in the previous year, PM Barzani emphasized the importance of investing in human resources. He also highlighted the Region's potential for agricultural and food industry investments, given its favorable climate, fertile land, and abundant water resources.
Additionally, he emphasized the tourism sector's potential, describing the Kurdistan Region's picturesque landscapes as an appealing opportunity for investors in the Middle East.
The prime minister expressed his commitment to the overall development of Iraq, stating that the prosperity of the Kurdistan Region is in the interest of the entire country. He envisioned the Region becoming a gateway for companies to expand their operations throughout Iraq.
PM Barzani called for the fair and impartial implementation of the Iraqi budget law, free from political interference, and expressed his determination to overcome political and economic challenges alongside Prime Minister Mohammed Shia' Sudani, working together to elevate Iraq's status among developed nations.
The Kurdistan Regional Government (KRG) has identified over 1,000 investment opportunities across various sectors, underscoring its clear vision and determination to develop the Region. PM Barzani expressed his intention to engage closely with domestic and foreign investors, seeking their input and suggestions to further refine the government's strategies. He concluded his speech by urging collective efforts to achieve a prosperous, brighter, and stronger Kurdistan.
The launch of the Invest Kurdistan platform marks a significant step towards attracting investments, stimulating economic growth, and positioning the Kurdistan Region as a favorable destination for both domestic and international investors.
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