89 investment projects worth over $2 billion have been licensed this year

Erbil, Kurdistan Region, Iraq (GOV.KRD) - Licensing investment projects in various sectors was one of the priorities of the Ninth Cabinet of the Kurdistan Regional Government (KRG). In 2022, the licensing of 89 investment projects began, with a capital of 2 billion and 135 million and 418 thousand 819 dollars on an area of 2,395 dunams of land throughout the Kurdistan Region. Most of the projects were licensed through local capital and investors.

The sectors and numbers of investment projects:
Most of the investment projects in 2022 were in both the commercial and industrial sectors. The distribution of investment projects according to sector and capital was as follows:
- 26 projects were licensed in the commercial sector with a capital of 227 million and 285 thousand 811 dollars
- One project was licensed in the bank sector with a capital of 4 million and 100 thousand dollars
- 10 projects were licensed in the health sector with a capital of 76 million and 797 thousand and 187 dollars
- 26 projects were licensed in the industrial sector with a capital of 577 million and 561 thousand and 701 dollars
-7 projects were licensed in the tourism sector with a capital of 153 million and 255 thousand and 550 dollars
- 7 projects were licensed in the education sector with a capital of 74 million and 736 thousand and 212 dollars
- 6 projects were licensed in the residential sector with a capital of 922 million and 383 thousand and 905 dollars
- One project was licensed in the sports sector with a capital of 3 million and 29 thousand and 553 dollars
- 5 projects were licensed in the agriculture sector with a capital of 96 million and 268 thousand and 900 dollars

87 of the projects were invested in by local investors and licensed with a capital of 2 billion and 79 million 121 thousand and 19 dollars. One project was licensed with a capital of 48 million and 97 thousand 800 dollars through a Lebanese investor while another one was through a Turkish investor with a capital of 8 million and 200,000 dollars.

97.36% of investment projects were licensed with local capital while only 2.64% were licensed with foreign capital.

Projects capital and their ratio
The following ratios of public capital have been used to license projects for the below sectors:
- The commercial sector with a capital of 227 million and 285 thousand and 811 dollars, accounting for 10.64%
- The banking sector with a capital of 4.1 million dollars, accounting for 3.60%
- The health sector with a capital of 76 million 797 thousand and 187 dollars, accounting for 3.60%
- The industrial sector with a capital of 577 million 561 thousand and 701 dollars, accounting for 27.05%
- The tourism sector with a capital of 153 million 255 thousand and 550 dollars, accounting for 7.18%
- The education sector with a capital of 74 million 736 thousand and 212 dollars, accounting for 3.50%
- The agriculture sector with a capital of 96 million 268 thousand and 900 dollars, accounting for 4.51%
- The residential sector with a capital of 922 million 383 thousand and 905 dollars, accounting for 43.19%
- The sports sector with a capital of 3 million 29 thousand and 553 dollars, accounting for 0.14%