Draw Media

The Kurdistan Regional Government’s 9^th cabinet has licensed 178 investment projects with a capital of more than 11 billion dollars, on an area of ​​more than 10,000 dunams of land.

(118) of the projects located into the KDP’s zone, with a capital of more than (9 billion) dollars, which is (83%) of all the projects, on ​​(7.5 thousand) dunams of land.

However, only 60 out of 178 investment projects located into the PUK zone, with less than $2 billion, which is only 16% of the capital of all the investment project within KRG, on an area of 3,000 dunams.

First, investment in both zones - yellow (KDP) and green (PUK)

According to the data of the Investment Board of the Kurdistan Regional Government in the ninth cabinet, which has released between (July 28, 2019 to April 5, 2022). It has licensed 178 investment projects with a capital of 11 billion 137 million 300 thousand 24 dollars, on an area of ​​10 thousand 393 dunams of land.

Based on Draw Media analysis, 118 of the projects licensed by the Investment Board are located in Erbil and Duhok provinces. The amount of (9 billion 335 million 916 thousand 730) dollars has been spent for those projects at a rate of (83.83%) of the whole KRG investment projects, on an area of (7 thousand 479) dunams of land.

In the same period of time, only (60) projects out of (178) investment projects are located in Suleimani, Halabja, Garmian and Raperin provinces. The amount of (1 billion 801 million 383 thousand 294) dollars has been spent at a rate of (16.17%), on an area of (2 thousand 914) dunams of land.

Second, investment at the provincial and city levels

1. Erbil Province; (76) projects with a capital of more than (8.7 billion) dollars an average of (78.7%), on an area of ​​(4.7 thousand) dunams of land.

2. Halabja Province; (1) Project with a capital of more than (6.8 million) dollars, an average of (0.06%), on an area of ​​(7.2) dunams of land.

3. Garmian Administration; (9) Projects with a capital of more than (331.5 million) dollars, an average of (3%), on an area of ​​(935) dunams of land.

4. Raperin Administration; (4) Projects with a capital of (123.3 million) dollars, an average of (1.11%), on an area of ​​(117.5) dunams of land.

5. Sulaimani Province; (46) projects with a capital of more than (1.33 billion) dollars, an average of (12%), on an area of ​​(1,854) acres of land.

6. Duhok Province; (42) projects with a capital of about (569 million) dollars, an average of (5.11%), on an area of ​​(2 thousand 718) acres of land.

Third, investment by different sectors

1. Commercial sector; (41) projects with a capital of (573 million) dollars, an average of (5.14%), on an area of ​​more than (537) dunams of land.

2. Banking sector; (1) Project with a capital of more than (315) dollars, an average of (0.14%), on an area of ​​less than (1) dunams of land.

3. Health sector; (11) projects with a capital of (89.5 million) dollars at a rate of (0.80%), on an area of ​​(14.6) dunams of land.

4. Industrial sector; (49) projects with a capital of (1.620 billion) dollars at a rate of (14.55%), on an area of ​​(1,190) dunams of land.

5. Service sector; (2) Project with a capital of (57.8 million) dollars at a rate of (0.52%), on an area of ​​(968) dunams of land.

6. Tourism sector; (29) projects with a capital greater than (7 billion) dollars at (64%), on an area of ​​(2 thousand 856) dunams of land.

7. Education sector; (18) projects with a capital of about (220) million dollars, an average of (2%), on an area of ​​(533) dunams of land.

8. Agricultural sector; (8) Projects with a capital of (363.48 million) dollars, an average of (3.26%), on an area of ​​(3 thousand) dunams of land.9. Housing Sector; (11) projects with a capital of more than (1 billion) dollars, an average of (9%), on an area of ​​(1,256) acres of land.

10. Arts Sector; (1) Project with a capital of (9 million 234 thousand) dollars, an average of (0.08), on an area of ​​(10) dunams of land.

11. Sports Sector; (7) Projects with a capital of about (58 million) dollars, an average of (0.52%), on an area of ​​(25) dunams of land.

Fourth: investment capital in the ninth cabinet of the Kurdistan Regional Government

Out of the 178 projects, 174 projects are being implemented by domestic investors with a capital of $6 billion and 193 million, which is 55.6% of the total investment capital since the ninth cabinet took office.

However, only one Chinese company has received an investment license with a capital of $5 billion, an average of 44 percent of the total investment capital.

(3) projects have been licensed jointly by Iraqi, Chinese, Turkish, Egyptian and Canadian companies with a capital of about (37 million 384 thousand) dollars, which is (0.34%) of the total investment capital.

Fifth: Investment based on the Years

1. With the inauguration of the ninth cabinet from (28/7/2019) to (1/1/2020), licenses have been given to (16) projects with a capital of more than (485 million) dollars.

2. (1/1/2020 to 1/1/2021), licenses have been given to (77) projects with a capital of more than (2 billion and 18 million) dollars.

3. (1/1/2021 to 1/1/2022), licenses have been given to (69) projects with a capital of more than (8 billion 509 million) dollars.

4. (1/1/2022 to 5/4/2022), licenses have been given to (16) projects