Er­bil hosts largest trade fair in the year

11th Er­bil in­ter­na­tional Trade Fair brings 140 com­pa­nies to­gether with thou­sands of visi­tors un­der one roof

The Kurdish Globe - - FRONT PAGE -

Er­bil In­ter­na­tional Fair Ground hosted two trade ex­hi­bi­tions dur­ing Oc­to­ber 5 and 8, 2015, 11th Er­bil In­ter­na­tional Trade Fair and Pro­ject Iraq 2015.

The in­au­gu­ra­tion cer­e­mony of the fair was at­tended by nu­mer­ous gov­ern­ment of­fi­cials, diplo­mats, lo­cal and for­eign busi­ness­men. Sala­haddin Babakir, Min­is­ter of Elec­tricty of the Kur­dis­tan Re­gional Gov­ern­ment (KRG), who at­tended the open­ing cer­e­mony, gave a speech and talked about the sig­nif­i­cance of the event and the at­ten­dance of this large num­ber of lo­cal and for­eign com­pa­nies.

“Pres­ence of in­ter­na­tional com­pa­nies in Kur­dis­tan in this spe­cific sit­u­a­tion is promis­ing and proves that de­spite all the crises and hart times, life and de­vel­op­ment still con­tin­ues in the Re­gion,” Min­is­ter Babakir said.

In ad­di­tion to pri­vate com­pa­nies, many gov­ern­ment in­sti­tu­tions from Kur­dis­tan, Iraq, Ger­many, Iran, Tur­key and France at­tended the fair.

Er­bil Gover­nor Nawzad Hadi re­it­er­ated that the KRG’s busi­ness and eco­nomic pol­icy has proved suc­cess in in­tro­duc­ing Kur­dis­tan to the Re­gion and gain­ing in­ter­na­tional trust in Kur­dis­tan.

Gover­nor Hadi said that his pol­icy brought more than US$24 bil­lion in di­rect in­vest­ment only to Er­bil.

“It is true that most of the projects funded by the gov­ern­ment were put on hold due to the fi­nan­cial cri­sis, as the gov­ern­ment’s first pri­or­ity is to pay its salaries, how­ever, the work of the pri­vate sec­tor has not stopped and is still con­tin­u­ous.”

Dara Jalil Khayat, Chaiman of the Kur­dis­tan Fed­er­a­tion of Cham­bers of Com­merce and in­dus­try, said that de­spite the fi­nan­cial, se­cu­rity and po­lit­i­cal crises in the Re­gion, the peo­ple of Kur­dis­tan Re­gion still do their busi­nesses as they are re­silient by na­ture.

Khayat sug­gested that KRG should think of al­ter­na­tive sources of rev­enue and bring about an oil-in­de­pen­dent econ­omy.

Fadi Dar­wish, or­ga­nizer of the fair, said that this event is a re­sponse for those who were try­ing to un­der­mine the or­ga­ni­za­tion of the fair.

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