Abu Dhabi chamber, Iraqi Kurdistan discuss investment opportunities

Abu Dhabi chamber, Iraqi Kurdistan discuss investment opportunities

ABU DHABI / WAM

Mohammed Hilal Al Mheiri, Director-General of Abu Dhabi Chamber of Commerce and Industry, has held a video conference meeting with Dr Mohammed Shukri Mohammed Saeed, Chairman of the Investment Authority of the Kurdistan Regional Government and Ahmed Al Dhaheri, the UAE Consul General in the Kurdistan Region of Iraq. They discussed ways of strengthening economic and business relations between the business sector in both Abu Dhabi and the Kurdistan Region. Dr Shukri commended the efforts of the Abu Dhabi Chamber and the UAE Consulate in the Kurdistan Region for organising this meeting to discuss the investment opportunities available to UAE companies in the region, which would open up new horizons for bilateral economic cooperation on many levels. During the meeting, Dr Shukri addressed the most important sectors included in the new investment law in the region based on the diversification of income sources at many levels.

He pointed out that the new plan includes dividing the region into 11 industrial zones, and provides more than 1,000 promising investment opportunities, especially since the industrial sector is one of the most important economic tributaries in Iraqi Kurdistan, providing more than 90% of Iraq's steel needs and many others. Dr. Saeed