Nawzad Sheikh Kamil says “foreigner companies consider Kurdistan Region peaceful place”
Over past several years, majority of world-famous companies and brands could be seen in Baghdad, but now their main base has become Kurdistan Region.
ERBIL, Kurdistan Region (Kurdistan 24) – Director General of the trade at the Ministry of Trade and Industry, Nawzad Sheikh Kamil, told Kurdistan 24 on Wednesday, “foreigners consider here as a peaceful place, thus that affects the economic growing”
According to his statement, some of the companies build factories, some others do the trade, also there are companies who hold shares with some other companies and shareholders. As the director general, believes that is important and will affect the future and economic infrastructure of the country.
Over past several years, majority of world-famous companies and brands could be seen in Baghdad, but now their main base has become Kurdistan Region.
The experts think those companies and traders will have impact on job opportunity, economic growth, competition for marketing the domestic products.
According to the latest statistics by the Ministry of Trade and Industry, the number of registered foreign companies reached 4600 companies and 3883 international brands, the experts return that to the facilities are provided by the ministry of trade, as well as the peace atmosphere in the region.
In the past few years, most of the international brands and companies were in Baghdad, according to an economist, now the Kurdistan Region has become the main place of work of these companies and brands It also competes with local products.
Nabaz Nawzad an economic expert said “if we look at the restaurants, they use potatoes, chicken and local goods, they do not go to import them, and that will revive the market,”
“On one hand, they are paying taxes to the government, which it needs for the plans and projects. On another, those in the south and middle of Iraq, instead of going to Dubai or going abroad, they head to the Kurdistan Region, to get the brands for cheaper prices, beside the affordable transport fee,”
Translated and contributed to by Seyran