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Other Sectors

 

In addition to the Kurdistan Region's priority sectors, the region welcomes investment opportunities in a variety of critical sectors that have shown tremendous potential for investment in the past and continue to offer new opportunities as the region continues to progress.

Take a look at the brief descriptions of each sector below, and feel free to contact us for more information and questions about the opportunities in each sector.

The Kurdistan Region is placing a strong emphasis on renewable energy sources, particularly solar energy, to increase its sustainability and reduce its dependence on fossil fuels. This is a priority for the Kurdistan Regional Government as the current supply meets only half of the demand.

The region currently generates 20% of its electricity from renewable sources and aims to increase this to 50% by 2028. Therefore, more investment in renewable energy is needed for the Kurdistan Region to ensure a sustainable future for its citizens and businesses.

The Kurdistan Region has abundant quarries that yield a rich variety of metallic and non-metallic minerals, including limestone, marble, and gypsum, which are in high demand in the construction and mineral industries. The local government is committed to utilizing these resources and has had geological studies conducted by the Ministry of Natural Resources to determine the extent of the reserves. These resources can be used in local construction plants to meet domestic and regional demand.

The Kurdistan region, currently serving as the primary supplier of construction materials to the entire country, including cement and steel, is committed to maintaining this position and expanding to provide additional materials as well.

The services sector in the Kurdistan Region is growing rapidly and has seen significant growth over the past decade. As the region strives to diversify its economy and digitalize its services, many opportunities are available across all service-providing industries. New startups are emerging, and a number of international companies and brands have entered the market, such as Carrefour, Careem, Talabat, Deloitte and more.

With a talented pool of multilingual young professionals and low costs of doing business, investment opportunities in services and technology are at an all-time high. The Kurdistan Region welcomes companies in many service industries, including: information technology, software development, financial services, fintech, business outsourcing, logistics, and others.

The Kurdistan Region is working to develop its infrastructure and transportation, with a focus on expanding and upgrading existing road networks, water infrastructure, and power projects. The construction of highways, dams, irrigation projects, public city buses, trams, and railways is a key priority, as it will not only improve the infrastructure and connectivity within the region, but also provide access to new markets and opportunities for economic growth.

The government is taking a proactive approach to investing in these projects, particularly through the public-private partnerships, recognizing the important role these projects play in economic development.

The Kurdistan Region has seen a significant expansion of its private healthcare sector over the past two decades, resulting in the construction of numerous hospitals, medical facilities and specialized clinics. This significant growth has positioned the Kurdistan Region as a leading medical hub within Iraq. The region also offers opportunities for investment in new pharmaceutical plants, which will further strengthen the healthcare infrastructure.

With a rapidly growing population and increasing demand for quality healthcare and medicines, there are many opportunities for investors in this sector. A large pool of doctors, pharmacists, and medical professionals is another advantage for investors choosing the Kurdistan Region.

Investment in educational institutions has increased in the region due to the annual growth in the number of students and the inability of the public sector to accommodate all students in its schools and universities. Despite the presence of established international and local educational institutions, there is still room for investment in schools, colleges, research centers, and vocational centers as parents' desire to provide quality education for their children has increased.