Iraq is 'safer Than Wall Street'
Investing in Iraq is safer than investing in the stock market, says the investment minister for Kurdistan.
The Kurdistan Regional Government is promoting the area as a haven for foreign companies wanting to set up business in Iraq.
The semi-autonomous region is relatively stable compared with the rest of the country. Herish Muharam Muhamad, head of the investment board for Kurdistan, joked to The Observer that investing in Erbil, the region's capital, was now safer than Wall Street. 'We are saying to companies, "Make your base in Kurdistan to invest in the rest of Iraq". ' He said more than half the 5,000 or so firms registered in the region were foreign.
The Kurdistan Regional Government is promoting the area as a haven for foreign companies wanting to set up business in Iraq.
The semi-autonomous region is relatively stable compared with the rest of the country. Herish Muharam Muhamad, head of the investment board for Kurdistan, joked to The Observer that investing in Erbil, the region's capital, was now safer than Wall Street. 'We are saying to companies, "Make your base in Kurdistan to invest in the rest of Iraq". ' He said more than half the 5,000 or so firms registered in the region were foreign.
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