The Globe
The High Council for Investment in Kurdistan Region is studying procedures to decentralize investment authorities through establishing general directories in the region's provinces. Some experts prefer further economic and legal consultancies on such decisions.
The amendment of investment policies in Kurdistan headed a meeting of the KRG Prime Minister with the High Council for Investment on September 26. Meeting results opted to restrict a new staff for the Region Interment Board in a way that it allows more authority to investment directories in the region provinces.

Therefore, a new directory in Erbil is to be established in order run affairs of this province without obliging investors to directly contact the main board.

Further, the council discussed intentions to amend Kurdistan Region's law of investment and then present it to Parliament. This decree facilitates paper works for investors in every province; therefore, they will be able to run their affairs without going to the Investment Board's main office in Erbil, said Herish Muharam, head of the board.

The directories will then be able to draw investment strategies for their provinces, he added, and the Board also changes to a monitoring and supervising team. According to Muharam, directors in the provinces will have the authority to approve or reject projects.

A legal expert who demanded anonymity warned that decentralizing investment authority might result negatively and expand corruption. He suggested further studies before adopting decisions that have to be approve by KRG Prime Minister Dr. Barham Salih, who also heads the High Council for Investment.