Kurdistan investment continues to expand strongly across Iraq. In addition, it now supports large-scale development projects worth billions of dollars.
Officials from the Kurdistan Investment Board confirmed stronger cooperation with the National Investment Commission. Moreover, both sides have formed joint committees to improve coordination across industrial sectors.
Mohammed Shukri, who leads the Kurdistan Investment Board, stated that cooperation with federal authorities remains strong. He also confirmed smooth coordination on investor activities across the region. In addition, he explained that no major disputes have affected investment operations. Instead, both sides continue to support private sector growth. As a result, administrative procedures are now running more efficiently.
The investment framework follows Investment Law No. 4 of 2006. At the same time, it aligns closely with federal legislation. Therefore, both systems maintain consistent regulatory standards.
Kurdistan investment projects have exceeded 1,700 developments over the past two decades. Collectively, these projects have reached a value of around 80 billion dollars. Industrial development represents the largest share of projects. It includes steel, cement, power plants, and infrastructure works. As a result, this sector accounts for nearly half of total investment activity.
In addition, residential projects form a significant portion of overall development. Housing construction continues across multiple cities. Meanwhile, infrastructure expansion supports ongoing population growth. Foreign investors also play a major role in the region. Kurdistan investment includes participation from multiple countries, which strengthens overall economic activity.
For example, investors come from Turkey, Iran, Lebanon, Jordan, Saudi Arabia, Kuwait, and the UAE. In addition, participation extends to Europe, the United States, and China. As a result, this diversity supports market stability and strengthens long-term investor confidence in the region.
Investment activity has also increased significantly since 2022. Officials reported a 400 percent rise in project growth. Consequently, this reflects improved stability and stronger investor confidence. At the same time, the regional government prioritizes three key sectors: industry, agriculture, and tourism. Each sector supports broader economic diversification goals.
Long-term plans extend toward 2030 for major development projects. These include industrial zones, agricultural greenhouses, and renewable energy initiatives. Authorities also plan large tourism resorts.
In addition, infrastructure development includes dams and major construction projects. One key project involves a tower over 450 meters high. Once completed, it will become the tallest structure in Iraq. Most previously stalled projects have now resumed. However, only one project remains under review in Erbil. Authorities continue to resolve remaining issues through legal channels.
Officials continue to encourage foreign investment. They highlight strong government support and stable conditions. Overall, Kurdistan investment continues to expand across all regions of Iraq.
