Iraq’s Kurdistan eager to attract investors to region – Min.

Iraq’s Kurdistan is eager to attract investors to the region during Kuwait International Conference for the Reconstruction of Iraq (KICRI), scheduled in Kuwait, Kurdistan regional government Minister of Housing and Reconstruction Darbaz Kosrat Rasul said on Saturday.

Prior to his departure, heading a Kurdistan delegation participating in KICRI, Rasul said that they will invite countries and companies to visit the region and its various provinces.

The delegation will also bring various promising projects to the conference which will be presented to investors, particularly to cities that were targeted by the so-called Islamic State (IS), affirming on the role the Kurdistan forces, the Peshmerga, in defeating IS.

The overwhelming support of citizens and Kurdistan regional government gave the Peshmerga a boost to defeating IS, he said.

Rasul added that the region is going through financial complications due to cutbacks from the federal government in Baghdad, and hosting many of the displaced people from all over Iraq.

The minister noted that more than 70 countries and more than 750 companies are participating in Kuwait meetings, adding the region is rich in resources and has a steady security and stability factor, a lucrative element for investors and companies to invest in Iraq.

Meanwhile, the governor of Irbil Nawzad Hadi Mawlood said in a press conference that the region is eager to invite investors to visit the province.

Mawlood added that one of the goals of the conference is rebuilding Iraq’s infrastructure, stressing Kurdistan region has suffered tremendously from the war against IS, and therefore the region needs to be rebuilt.

Source: Kuwait News Agency