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DUHOK, Feb. 15(AKnews) - Netherlands ambassador to Iraq Gurion Rodnberk announced Wednesday that Dutch authorities werewould encourage Dutch companies to do investment in Kurdistan Region.
The announcementcame in a statement by Mr Dudenburg in a meeting with the governor of Duhok,Tamar Marjan.
"Dutchcompanies have good experience in the fields of sports, buildings stadiums,water systems, and industry" said the Dutch ambassador. "We will try to get Dutchcompanies come here and do business"
Kurdistan Region has been the hot spot for investment in Iraq since2003 and is regarded as one of the Middle East's best growth prospects in 2012.According to statistics released by the Investment Board, the region hasattracted some $16.2 billion (19 trillion IQD) in foreign investment over thepast five years.
Kurdistan Region's boom in foreign investment has been accreditedto its accommodating Investment Law, passed in 2007. The law providesincentives for foreign investors including the possibility of owning land, upto 10 year tax holidays, easy repatriation of profits and removal of tariffs onexports and imports related to the project.
Figures obtained from the Kurdistan Regional Government's Ministry of Trade inDecember 2011 showed a 30% increase in the number of foreign companies registering in Kurdistan Region in 2011. Up from 331 companies in 2010 to 433companies this year.
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The announcementcame in a statement by Mr Dudenburg in a meeting with the governor of Duhok,Tamar Marjan.
"Dutchcompanies have good experience in the fields of sports, buildings stadiums,water systems, and industry" said the Dutch ambassador. "We will try to get Dutchcompanies come here and do business"
Kurdistan Region has been the hot spot for investment in Iraq since2003 and is regarded as one of the Middle East's best growth prospects in 2012.According to statistics released by the Investment Board, the region hasattracted some $16.2 billion (19 trillion IQD) in foreign investment over thepast five years.
Kurdistan Region's boom in foreign investment has been accreditedto its accommodating Investment Law, passed in 2007. The law providesincentives for foreign investors including the possibility of owning land, upto 10 year tax holidays, easy repatriation of profits and removal of tariffs onexports and imports related to the project.
Figures obtained from the Kurdistan Regional Government's Ministry of Trade inDecember 2011 showed a 30% increase in the number of foreign companies registering in Kurdistan Region in 2011. Up from 331 companies in 2010 to 433companies this year.
[You must be registered and logged in to see this link.]
