Japanese businesses to invest in Kurdistan region
kurdsatnews
Nov 13, 2022
KRG officials mediating meeting between Japanese and Kurdish businesses for joint investment in the region in Erbil, Kurdistan region on November 13, 2022.
In a televised press conference today, Kurdistan Region Government (KRG) Minister of Municipalities and Tourism Sasan Aouni said, "we have arranged three meetings with over 80 businesses that want to invest in the Kurdistan region.
Today, Kurdish and Japanese firms met in Erbil to debate possible joint investment and cooperation in the Kurdistan region. KRG officials mediated the gathering and called on more Japanese firms to move into the region.
KRG Minister of Municipalities and Tourism Sasan Aouni said the Kurdistan region is a good place for foreign firms to operate.
Japan International Cooperation Agency (JICA), Japan External Trade Organization (JETO), other Japanese corporations, and Kurdish businesses attended the meeting and discussed ways to work in the region. The participants presented their views on ways to develop the region's economy.
Aouni noted, "they had arranged the meeting between Japanese and Kurdish businesses three times, the first two times online, but now the Japanese are here [Kurdistan region]."
There are a substantial number of foreign companies, but their assets in the region only account for a small portion of the region's economy.
Japanese NGOs like JICA have a visible footprint in the country and now help Japanese businesses to invest in the Kurdistan region, which needs jobs for its ever-growing labor market.