Kuwait to invest in Kurdistan Region

Erbil, Kurdistan Region, Iraq (cabinet.gov.krd) – Prime Minister, Nechirvan Barzani, yesterday received the Kuwait Consul-General to the Kurdistan Region, Dr. Omar Ahmad Al-Kandari.

Prime Minister Barzani welcomed the Kuwait Consul-General to his new position. They discussed the latest developments in the Kurdistan Region, particularly the war against terrorism and the economic and social impact of hosting nearly two million refugees and internally displaced persons, IDPs.

Investment opportunities were also discussed and the Consul-General affirmed the desire of his country’s companies, investors, and relevant institutions to develop economic and commercial ties with the Region. He described the opening of the Kuwait Consulate General as an important step in that regard.

Prime Minister Barzani expressed his happiness at the establishment of relations between the Kurdistan Region and Kuwait, offering the support of relevant KRG organisations to Kuwaiti companies that wish to invest in the Region, particularly in priority fields such as agriculture and tourism.

With Kuwaiti media representatives present in the meeting, Prime Minister Barzani explained the political, economic, security, and military situation in the Region. Regarding relations with Baghdad, he said that at this moment the KRG intends to resolve its differences with Baghdad.  He said that Iraq is important for Kurdistan Region from geographical, political, social, commercial, and economic points of view. He said, however, that if the current breach of agreements by Baghdad continues, then the Region would have to turn towards other options.

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