Kurdistan Review, Special Edition 2016
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KURDISTAN REVIEW / KURDISTAN Kurdistan through saFEGuarDInG FInancIal sTabIlITy the Lens of the WorlD & DEvElopInG a MoDErn EconoMy KurdiStan’S it lEaDErs Pm nechirvan Barzani StrateGy SPECIAL ISSUE — 2016 Diplomacy & Politics Business KURDISTAN Energy How to Start-up SPECIAL ICT Agriculture REVIEW Human Capital The Guide I SSU E — 2016 Forging Ties Globally record levelS of oIl ExporTs aGrIculTurE: diScover the Potential Falcon Group: Geared to Build auK: the Path to excellence rWanGa FounDaTIon: decide. commit. Succeed. INVESTInvest IN GROUP in Group — 1 INVESTAN EYE ON THE EMERGING IN WORLD GROUP AN EYE ON THE EMERGING WORLD Building Kurdistan's Future with global partnerships Founded in Erbil, Ster Group has emerged as one of Iraq’s fastest growing conglomerates. The group’s core expertise includes construction, environmental engineering, consultancy, insurance, security, power, communication, general trading, tourism, information technology, and research. Ster Group also actively invests in a wide range of real estate projects. A leader in its domestic market, Ster Group possesses an unparalleled level of scope and experience while maintaining a global reach. Ster Company Ster Petroleum Ster Construction Ster Security Ster Tower StarKar Insurance TarinNet Damosc Avian Water Kani Water provides a wide is an oil and gas believes that today's is a leading aims to strengthen was the first has been providing aims to strengthen aims to strengthen has been the range of all- service company well-designed provider of security its market insurance company Internet and its market its market leading producer inclusive services that offers a broad construction consulting and leadership founded in the communications leadership leadership of pure natural and support range of services projects contribute planning services, by constantly Kurdistan Region in services since 2005. by constantly by constantly mineral water in the to industrial, to the oil and gas to the economic professional security enhancing the 2004. enhancing the enhancing the Kurdistan Region commercial, and industry. growth of the personnel, explosive excellence of excellence of excellence of since 2006. government clients. Kurdistan Region. detection canine its products its products its products units, and armored through a process through a process through a process transport vehicles. of continuous of continuous of continuous reinvestment reinvestment reinvestment and innovative and innovative and innovative manufacturing manufacturing manufacturing and marketing and marketing and marketing strategies. strategies. strategies. E-mail: [email protected] Tel: +964.66.256.9200 Gulan Street, Ster Tower, 12th Floor, Erbil, Kurdistan - Iraq Excellence in Aircraft Handling Macair Flight Support sets the standard in superior customer service and specialized aviation services handling as the first fixed based operation (FBO) in Erbil, Kurdistan Region, Iraq. MACAIR FLIGHT SUPPORT ERBIL Mobile +964 750.330.2777 | Office +964 750.386.2363 INTERNATIONAL macairflightsupport.com PRIVATE JET EXCLUSIVE HANDLERS AIRPORT Aircraft Charters & Sales | Management & Acquisitions | Medevac dfr.gov.krd www.gov.krd Empire Ads-Kurdstan review.pdf 1 9/22/15 3:46 PM CONTENTS 14-23 28 China in Kurdistan 24 Tan Banglin, Chinese Consul THE REVIEW: General in the Kurdistan Safeguarding Financial Stability & Diplomacy & Politics Region Developing a Modern Economy Challenging Year Ahead Nechirvan Barzani, Prime Minister of the 30 Cooperation On All Kurdistan Region Fronts Bayan Sami Rahman, KRG High Rep. to the USA 31 Kurdistan in Italy Rezan Kader, KRG Representative in Italy 32 Partner Of Choice Karwan J. Tahir, KRG High Representative to the UK 40-43 34 Kurdistan in The Review: Business Australia Diversification Needed Haval Syan, KRG Representative in Australia 35 Notes from C Westminster M Gary Kent, Director, APPG Y 36 What’s on the CM Horizon MY Professor Dlawer Ala’Aldeen, President, MERI CY 46 26 CMY 38 MERI Forum 2015 Building Bridges Expanding Commercial Ties Sharing Visions for the K Falah Mustafa Bakir, Head of the DFR Steve Lutes, Executive Director, Middle Future of the Middle East East Affairs, U.S. Chamber of Commerce 44 Boosting Trade Fathi Al-Mudaris, Advisor, Ministry of Trade & Industry 45 Democracy & Economic Development Dr. Anwar Anaid, University of Kurdistan-Hewler 51 66 47 Insurance Landscape Randa Aractingi, CEO, Dilnia Geared to Build The Path to Excellence Insurance Peshraw Majid Agha, Chairman, Falcon Professor Michael Mulnix, President, AUK Group 48 Social Security Exemptions for Oil Companies Alain M. Hannouche, Hannouche Associates 49 Private Sector Reform Dave van Zoonen, MERI Research Fellow Invest in Group — 9 CONTENTS Kurdistan Review 54-61 61 Sustainable Growth 97-101 Shwan Zulal, Director, Keeping an eye on the alluring leaders, emerging sectors, leading companies, The Review: Energy Carduchi Consulting The Review: Agriculture and rising trends shaping the future of the Kurdistan Region of Iraq. Slowly But Surely Discover the Potential 62 Major Plans Baz Karim, President & CEO, KAR Group 63 Off the Bottom, Emerging Stronger In partnership with Brad Camp, Analyst nvestIn Group (IIG) is pleased to announce the release of the 68 Commitment to eleventh issue of “Kurdistan IReview,” which provides fresh business Changing People’s Lives for the Better perspectives and features the alluring 70-71 Dr. Honar Issa, Member of 103-109 leaders, emerging sectors, leading the Board of Trustees, AUK companies, rising trends shaping the Snapshot: ICT The Guide Department of Foreign Relations (DFR) “The Guide” helps you to experience social future of the Kurdistan Region of Iraq. Get Connected 72 Kurdistan’s IT Kurdistan Regional Government (KRG) and cultural life in the Kurdistan Region The Kurdistan Region has remained Strategy in order to better realize its dynamics. It safe, stable, and open for business in Hiwa Afandi, Head of the Special Thanks to details the premium hotels, restaurants, spite of the recent political turmoil in Department of IT, KRG Minister Falah Mustafa Bakir health clubs, luxury brands, and shopping Iraq and the region. The outstanding centers of the Kurdistan Region. 88 Shifting Trends Project Leader: Niyaz Barzani, support of the international of the Kurdistan Job Director of Media & Communications, DFR community for the Kurdistan Region Market in its fight against terrorism reflects an investment in the future of Allegra Klein, COO, MSELECT Kurdistan and the Kurdish people. The Kurdistan Regional Government is committed to creating the 89 British Council best possible business environment for foreign companies operating David Pardoe, Director, in Kurdistan. A favorable Investment Law and stable business 75-83 British Council – Kurdistan Region environment have enabled Kurdistan to achieve economic progress How-To-Start-Up Published in June 2016 across a wide variety of sectors. We truly believe the Kurdistan Doing Business in the Kurdistan Region. 90 Ensuring the Copyright © InvestIn Group Region can serve as a beacon of economic and social progress. Protection of Minorities 2016 The IIG team has met with government officials and key players Samuel Morris, MERI from the private sector to examine recent developments in the Research Fellow Goldcrest Executive, Cluster C, Kurdistan Region. Kurdistan Review – Special Issue focuses JLT, Dubai, UAE on Diplomacy, Business, Energy, ICT, Higher Education, and 91 Resilience-building Agriculture. Roger Guiu, MERI Research Be kher bi [email protected] Fellow www.investingroup.org We would like to express our gratitude to Minister Falah Mustafa Bakir and the DFR team for their support of our project in the 92 Decide. Commit. Printed by Kurdistan Region of Iraq. Succeed. Express Basımevi Deposite İş Enjoy! Abdul Salam Medeni, CEO, Merkezi, 84-87 Rwanga Foundation A6 Blok, K: 3 No: 309, İkitelli 94 Educational Reform OSB, Snapshot: Human Capital Başakşehir İstanbul, Turkey The Best Investment & Capacity Building Jacob Shapiro, Rwanga All rights reserved. No part of this publication may be reproduced, or transmitted in any form or by 111 Setting the Bar High any means, electronic or mechanical, including Emre Altunal, General photocopy, recording, or any information storage Manager, Divan Erbil and retrieval system, without prior written Managing Director: Can Yirik | Production Director: Daphne Rosenstein permission of Invest in Group. Whilst every effort Creative Director: Mustafa Gülsün | Marketing Director: Rachael Walsh has been made to ensure the accuracy of the 114 Treasured Time Editors: George Dyson, Jeremy Alexiou, Matthew Thomson Ghassan Dalal, Manager, information contained in this publication, the Public Relations Alexandra Meier | Design: Catherine Bergman Erbil Rotana publisher accept no responsibility for any errors it may contain, for any loss, financial or otherwise, Contributors: Anwar Anaid, Brad Camp, Gary Kent, Shwan Zulal sustained by any person using this publication. Researcher: Sabine Ofer 10 — Kurdistan Review Invest in Group — 11 5 Minute Reading THE KURDISTAN REGION $26.5B $7,000 $17.5B 6% Facts & Figures GDP (2013) GDP PER CAPITA (2013) GOV'T BUDGET (2013) INFLATION RATE (2013) Duhok 1.3 million 3,886 MW The Kurdistan Region, Over 30 companies which borders Syria to Kurdistan has exported from 19 different countries (under construction) the west, Turkey to the over 138 million barrels of are operating in the north, and Iran to the oil in 2015. Area east, comprises a total Kurdistan