'Industrial work resumption recommended by PM Barzani,' says Erbil Governor
ERBIL (Kurdistan 24) – Erbil Governor Omed Khoshnaw and Chairman of the Kurdistan Board of Investment Dr. Mohammed Shukri chaired a meeting on Monday to follow up on the steps to provide more services to the Tiemar Industrial Zone, according to a statement from the Erbil Governorate.
In the statement, the governor noted that the steps taken to provide services to the industrial site were on the recommendation of Kurdistan Region Prime Minister Masrour Barzani.
Notably, the site had been shut down since the onset of the COVID-19 pandemic.
The meeting’s attendees also discussed in detail the importance of the industrial sector and the need to “encourage entrepreneurs to invest in the Kurdistan Region.”
Lastly, the attendees discussed the urgency of abiding by international standards, particularly in preventing the emission of pollutants from factories. This remark comes as the Kurdistan Regional Government (KRG) recently outlawed gas flaring from industrial sites, claiming that a daily 150 million cubic feet of flared gas was eliminated after the law was passed.
Tiemar Industrial Zone covers an area of 3,678 acres of land and is one of the largest sites of its kind in the region. The factories are a critical source of job opportunities in the Kurdish region.
The Investment Board further strives to invite investors to show them the potential of these zones.
The Board has also provided procedures for attracting international investors, paving the way for the government to study potential offers.
Optimism in investments come with caution, however, as it was not too long ago when the emergence of ISIS in 2014 caused the Kurdish real estate market to burst. Security in the Kurdish region, while historically strong, has perpetually been linked with the dangers of Iraq, something Kurdish leadership has struggled to disassociate itself from.
