Over $16 Billion Invested in Kurdistan Region Since 2019, Says PM Masrour Barzani
Prime Minister Masrour Barzani announced that foreign and national investors have poured more than $16 billion into the Kurdistan Region since 2019. The investments have primarily focused on priority sectors such as real estate, industry, and health, contributing to significant economic growth in the region. This statement was made through the Prime Minister's official account on X (formerly Twitter), highlighting the region's development achievements in recent years.
Barzani emphasized that these investments have strengthened the region's infrastructure and diversified its economy, positioning the Kurdistan Region as an attractive destination for both local and international investors. The investment drive is part of the government's broader economic strategy aimed at fostering growth, stability, and innovation.
Foreign and national investors have invested more than $16 bn in real estate, industry, health and other sectors across the Kurdistan Region since 2019.
— Masrour Barzani (@masrourbarzani) September 24, 2024
These are all priority areas.
We expect significant investment in banking, digital and electricity in the next several years. pic.twitter.com/JCeI53Mrm9
Looking ahead, Prime Minister Barzani pointed to significant future investments expected in the banking, digital, and electricity sectors over the next few years. He noted that these areas are critical for further modernization and for addressing the evolving needs of the region’s economy. "We expect major investment in banking, digital infrastructure, and electricity in the coming years," Barzani stated, underlining the government’s focus on these key sectors.
The Kurdistan Regional Government (KRG) has been actively promoting the region as a hub for investment, creating favorable conditions for economic expansion. Initiatives include improving regulatory frameworks, enhancing transparency, and offering incentives to attract both foreign and domestic investors. This strategy aims to accelerate development and ensure long-term sustainability across multiple sectors.
These efforts are also intended to reduce reliance on traditional revenue sources such as oil, by diversifying into industries like technology, healthcare, and manufacturing. As a result, the region is increasingly viewed as a promising market with growing opportunities for private sector engagement.
The announcement from PM Barzani underscores the KRG's commitment to ongoing economic reforms and the promotion of public-private partnerships, which are expected to further drive growth in the coming years.
