The Grounding of Kurdistan's Towering Ambitions

The video discusses the economic challenges faced by Erbil, Iraqi Kurdistan, due to the threat of ISIS and disputes with Baghdad over oil revenues. The city is filled with unfinished buildings, reflecting a significant decline in the construction sector. However, there are signs of recovery as oil sales via Turkey resume, and some investors see potential opportunities. The video highlights the sources of investment, including local buyers and foreign investors from the UAE, Gulf states, UK, and India. Reviving a deal with Baghdad could inject substantial funds into the economy, potentially revitalizing the construction industry.

What are the main reasons for the economic downturn in Iraqi Kurdistan?

• High real estate prices

• The rise of luxury apartments

• Increased foreign investments

• The threat of ISIS and oil revenue disputes

What recent developments suggest a potential economic recovery in Iraqi Kurdistan?

• A surge in luxury apartment sales

• Increased construction of office blocks

• A new deal with the UAE

• ISIS being held at bay and oil sales via Turkey

Where is the 'Golden Triangle' located, and why is it significant?

• In Doha, known for its luxury hotels

• In Baghdad, known for its historical sites

• In Erbil, known for its international business presence

• In Abu Dhabi, known for its oil reserves

Who are the primary potential buyers for private residential properties in Iraqi Kurdistan?

• Students from Asia

• Businessmen from the USA

• Tourists from Europe

• Local residents and investors from Baghdad

What could reviving the old deal with Baghdad potentially achieve?

• Increase tourism in Erbil

• Pump a billion dollars a month into government coffers

• Lower real estate prices further

• Reduce the threat of ISIS