KRG supports foreign investment in Kurdistan Region, says PM

KRG Prime Minister Masrour Barzani speaks during a virtual panel titled Post COVID-19 Prioritizes in the Kurdistan Region hosted by US Chamber’s U.S.-Iraq Business Council, November 23, 2020.

SULAIMANI (ESTA) — The Kurdistan Regional Government (KRG) supports foreign investment in the Kurdistan Region, Prime Minister Masrour Barzani said in remarks during a virtual conference on Monday.

The U.S. Chamber’s U.S.-Iraq Business Council held a virtual conference dubbed Post-COVID-19 Priorities in the Kurdistan Region on Monday and would continue on Tuesday.

High-levels officials from the KRG, U.S. government and leading American companies that are doing business in the Region also participate in the virtual conference.

Officials would discuss enabling the keys to economic growth, investment opportunities in the Kurdistan Region, prioritizing food security, and the future of U.S.-Iraq energy partnerships, according to the U.S. chamber.

The KRG premier said in his remarks that U.S. Secretary of Energy Dan Brouillette and he had made progress to unlock U.S. investment in the Kurdistan Region.

The government “supports high quality foreign investment in the Kurdistan Region of Iraq, particularly from the United States,” Barzani said.

“Kurdistan is open for business. Kurdistan is safe. Kurdistan’s investment laws are friendly,” he continued.

“We welcome international investment in all sectors of our economy,” he added, noting that the KRG “is also working to reduce red tape to ensure that foreign investors are able to complete necessary procedures more quickly and more easily – from company registrations to visa regulations and permits.”

Regarding U.S.-Kurdistan relationship, Barzani said the KRG “is indebted” to the sacrifices the United States has made “for keeping us safe and free”.

“Their sacrifice is what has helped Kurdistan today remain as one of the most stable, safe and prosperous regions in Iraq and even the Middle East and beyond,” he added.

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