Sulaimani holds Economics and Investment Forum

9/17/2022 5:33:00 PM
 Qubad Talabani discussing investment in Sulaimani at Economics and Investment Forum in Sulaimani on September 17, 2022.
 photo: KurdSat English
Deputy Prime Minister Qubad Talabani chairs the forum.

Today, Sunday, the Economic and Investment Forum began in Sulaimani with the presence of senior government officials, business owners, and administrative officials.

Deputy Prime Minister of the Kurdistan Regional Government (KRG) Qubad Talabani stressed the initiatives taken to end market disarray and impediments in front of the private sector will continue in Sulaimani and would begin the same steps in other cities of the Kurdistan region.

“The government must facilitate to the private sector, because having a strong private sector to would help Kurdistan region’s economy to grow, and some of the shortcomings of the government can be filled through the private sector,” Talabani added.

Regarding the measures taken in the past in Sulaimani, such as taking legal action against people who impeded investors and forced businesses to relocate from Sulaimani, the DPM said the efforts made in Sulaimani to eliminate market chaos and the reform measures will continue in Sulaimani and will cover other cities.

Talabani explained that administrative routine is a significant obstacle to investment, and it is unclear why investment has been prevented, but all government institutions must be reorganized to serve the people, and priority will be given to projects that create the most jobs.

For the past several years, the private sector in the Sulaimani governorate has been neglected by both the government and investors because of administrative obstacles facing investors. Many businesses relocated to other places, and investment in the Sulaimani governorate was whittled down to only a few minor projects.

Recent reforms taken by the PUK president Bafel Jalal Talabani and Deputy Prime Minister Qubad Talabani aims at stabilizing the marketing and bringing back trust in the markets.

The Economics and Investment Forum aims to bring different ideas from business, administrative officials, media, leaders, and investors to revive investment in Sulaimani governorate and restore trust in its markets.

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