Saturday, September 24, 2005

Malaysian Power Supply, Housing Among Sectors To Invest In Kurdistan

"KUALA LUMPUR (Bernama) - Power supply and housing are among the sectors that offer vast potential for foreign investors to tap in Kurdistan, in northern Iraq.

Prime minister, Kurdistan Regional Government, Iraq Omer Fatah Hussein said that foreign investors are welcomed to invest in all sectors, especially housing as most of the houses had been destroyed during the previous government's ruling.

"Kurdistan is quite stable in terms of security and economic activities compared to other parts of Iraq. Benefits like land (for development) as well as security will be provided by Kurdistan for the foreign investors," he said.

He said that Kurdistan is rich in natural resources like oil and gas, mineral, cement and marble, which are waiting to be tapped, however the region did not have the technology to take advantage of these resources."
The Kurdistani


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