Erbil hosts largest trade fair in the year
11th Erbil international Trade Fair brings 140 companies together with thousands of visitors under one roof
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.