Property investment opportunities in Kurdistan

Kurdistan’s real estate industry is now worth $10 billion and growing, according to politicians. The Prime Minister of the Kurdistan Regional Government of Iraq told Gulf News his country’s property development sector was experiencing a property investment boom.

Around 40,000 homes are currently under construction in the region, which is spread through Iraq and Turkey but holds international recognition as a federal autonomy. Prime Minister Nechirvan Barzani told the site:

“Everything is being invested by Kurdistan and last year we had a new investment group that encourages property investors to invest in our region.”

This week Damac properties announced it was to be involved in a development in the Tarin Hills at Erbil, featuring residential and commercial buildings. Calling the scheme a “unique” property investment opportunity, Damac chairman Hussain Sajwani said:

“We are very confident that Erbil’s unique topography has great potential to become an attractive destination for both high-end and mass tourism.

“We are happy to contribute to the development of a new Kurdistan and believe that this investment will contribute towards the growth phase of the region and a landmark in Iraq’s development.”

Related posts:

1. Extravaganza Moscow showcase UAE investment opportunities to Russians
2. Investment opportunities manufactured in US factories
3. Property firm unveils investment opportunities in UAE
4. Tips for Indian investment property buyers
5. Speedy progress at Dubai investment property tower