VOICED : As Iraq grapples with bombs Arbil booms

The video discusses the economic growth in Irbil, the capital of the Kurdish autonomous region in Iraq, despite the violence in the Iraqi capital. It highlights the booming business environment, particularly in the automotive sector, and the influx of foreign firms, mainly from Turkey, due to favorable investment laws. The region offers tax exemptions and other benefits, making it attractive for investors. The security situation in Kurdistan is stable, with local forces maintaining peace, unlike the rest of Iraq. This stability encourages companies to establish headquarters in Kurdistan.

What is the projected increase in car sales in Irbil compared to last year?

• Twofold

• Fivefold

• Threefold

• Fourfold

Which country has the majority of foreign firms in the Kurdish region?

• Iran

• Jordan

• Turkey

• Syria

What is one of the benefits for foreign investors in the Kurdish region?

• Government grants

• Free land

• Tax exemptions for ten years

• Subsidized utilities

Who are the local security forces in the Kurdish region?

• Private Security Firms

• Iraqi Army

• Peshmerga and Asayish

• UN Peacekeepers

Why do national companies prefer to set up headquarters in the Kurdish region?

• Security reasons

• Better infrastructure

• Proximity to markets

• Lower taxes