Sulaymaniyah Tops Investment Rankings Through DPM Talabani's Efforts

Reports 04:33 PM - 2024-10-04

"I Love Sulaymaniyah" Sign in Front of Sulaymaniyah Governorate Building

Due to the efforts of Qubad Talabani, Deputy Prime Minister of the Kurdistan Region, Sulaymaniyah Governorate has secured the top position in the Kurdistan Region for investment projects across various sectors.

 

Qubad Talabani Supports Investment

Qubad Talabani stated on his Facebook page that, according to statistics from the past three years, Sulaymaniyah has ranked first in Iraq in the investment sector. He further remarked, "We have ambitious dreams and robust plans to develop infrastructure, and we will exert every effort to support investment, confronting anyone who attempts to obstruct investors."

Most of the Projects Were Launched in 2023

According to information gathered by PUKMEDIA concerning investment projects in Sulaymaniyah and their costs, licenses have been granted for 370 projects in Sulaymaniyah Governorate from 2004 to 2023. The peak number of projects occurred in 2023, with 53 projects, while the lowest was in 2017, which saw only 4 projects.

The total cost of these 370 projects amounts to $39,957,813,408, with residential projects making up the majority at 30, followed by commercial projects with 8, industrial projects with 5, health projects with 4, service and educational projects with 2 each, and one project each in tourism and agriculture.

 

Qubad Talabani's Efforts Played a Key Role in Advancing Investment

In this context, Aziz Saeed Rashid, Director-General of Investment in Sulaymaniyah, told PUKMEDIA: “The growth in investment projects in Sulaymaniyah Governorate is a result of the efforts of Qubad Talabani. Last year, he met with most of the general managers in Sulaymaniyah and made it clear that procedures obstructing investors’ work would no longer be tolerated. Instead, investors should be provided with facilities in line with the law and available resources.”

He added: “As a result of the facilities provided to investors, approximately 20,000 job opportunities have been created in Sulaymaniyah, with 75% of the companies that completed the projects being local firms.”

According to the statistics obtained by PUKMEDIA from the General Directorate of Investment in Sulaymaniyah, the projects completed over the past two years have significantly impacted the economic infrastructure in Sulaymaniyah. In 2022, the governorate ranked first in Iraq, completing 39 projects, and it maintained this lead in 2023, with the number of completed projects rising to 53.

The following are the approved projects from 2004 to 2023:



PUKMEDIA