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UAE finds encouraging opportunity for investing in Iraq

U.A.E. economic officials have urged U.A.E. businesses and investors to tap what they described as the 'very promising markets' of Iraq's Kurdistan Region which serves as a gateway for their products and services to all Iraq, citing energy, agriculture, tourism infrastructure, industry, health and education as the major targeted sectors of the Iraqi region.
Mr. Al Saleh led a high-powered 150-strong U.A.E. business delegation representing government departments and major private sector businesses to Erbil to 'TRADEUAE Iraq', a three-day B2B exhibition which concluded yesterday in Erbil Urging U.A.E. companies to hunt for bigger investment opportunities in Iraq's Kurdistan region when the political situation in Iraq improves, Al Saleh said that the regional government affirmed that it is prepared to offer all possible facilities to U.A.E. investors who will qualify for a 10-year tax exemption.
Mr. Al Saleh stated, "Entry of U.A.E. companies into Kurdistan Region's markets is aimed at strengthening the economy of all Iraq during the current crisis."
Mr. Al Mansouri affirmed that U.A.E. and Iraq's Kurdistan Region look forward to stronger relations and reciprocal investments as they share a common outlook for an outstanding future relationship envisioned by President His Highness Sheikh Khalifa bin Zayed Al Nahyan and President Massoud Barzani.

Updated 17 Jun 2014 | Soruce: Zawya | By S.Seal
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