Investment Opportunities in Kurdistan Region of Iraq (KRI)

Dr. Ayoub S.HasanD. G. of Administration and

Finance, Ministry of Planning KRG

11-12 July 2018

Kurdistan Regional Government (KRG)

About Kurdistan Region of Iraq (KRI)

ERBIL

SULAIMANI

DUHOK

2

Status Federal Region of Iraq

Governorates Erbil, Sulaimania & Duhok

Population 5.8 million (2017)

Area 40,643 sq km

Religions Muslims, Christians, Yazidi, etc.

Ethnic Groups Kurds, Turkmen, Arabs, Assyrians, Chaldeans, Armenians, etc.

GDP per capita 4,452 USD (2017)

Overview of KRI Economy

From 2003

Increasing GDP

Private Sector Development

Escalating Investment (Local and Foreign)

3

Investment in KRI

4

Investment Law No. (4) of (2006)

Investment in KRI

5

Investment in KRI

6

Investment in KRI

7

Investment in KRI

8

Investment Overview

Investment Projects791

903

112 Terminated

791 Licenses

Licenses for Investment Projects

46 Foreign

31 Joint Venture

6.1 B USD

714 Local

4.1 B USD

46.4 B USD

36.2 B USD13 Sectors

300 Projects Completed

From Jun 2006 to Jan 2018

Investment Projects per Type

Foreig

n, 46JV, 31

Local,

714

971 Projects

10

1

3

12

1 1

9

12

1 1 1

16

2

4

0

4

8

12

16

20

Nu

mb

er

of

Pro

jec

ts

Total Foreign Projects: 46

Investment Projects per Value

Foreig

n,

6,154 JV,

4,101

Local,

36,21

4

46.4 B USD

11

150

3,314

1 24 14 10

1,016

7139

2 13 8

1,130

205 1150

1,000

2,000

3,000

4,000

Millio

n U

SD

Total Foreign Investment Value: 6.1 B USD

Current Investment Status

438

3,817

2,112

3,680

4,733

3,323

6,133

11,761

3,962 3,948

1,798

7113

0

3,000

6,000

9,000

12,000

15,000

2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017 2018

Millio

n U

SD

Total Investment Value: 46.4 Billion USD12

Investment Value per Sector

4,386

753 918

16,705

91

6,724

220 104727 837

14,885

98 120

4,500

9,000

13,500

18,000

Millio

n U

SD

13

Total: 46.4 Billion USD

Diagnosis of Strategic Challenges

Exposing KRI economy for the outside world1

Defective sides of composition of economic sectors

Limited role of private sector

Weak procedures and services to investors

Investment law needs amendment

2

3

4

5

14

Investment Encouragement Policy

1

2

3

4

5

Activate development role of bank sector

Activate role of private investment (local and foreign)

Strengthen sustainable development

Continuing to keep investment environment more arrangeableto encourage investment

Encourage investment for all areas of KRI

Motivate private sector for production and provide services6

15

Investment Future Prospects

Vision

Achieving a Sustainable Economic Development

Strategic Goals

Developing economic activities

Increasing Gross Domestic Product (GDP)

Investment support for economic growth

Growth of job opportunities

Investment strengthening to support economic development policies

Increasing exchange volumes

Facilitating procedures and services to investors

1

2

3

4

5

6

716

Requirements to Expand Investment

4,9045,599

6,2946,990

7,684

0

2,000

4,000

6,000

8,000

10,000

Millio

n U

SD

Public Investment Value Required for 2016-2020

Total Requirements: 31.4 Billion USD

Private Investment Value Required for 2016-2020

Total Requirements: 16.8 Billion USD17