Welcome to METEX

Energy & Economy

The Kurdistan Region (KRG) is an emerging market. With a young and increasingly prosperous population of 5.2 million, the KRG covers about 40.000 square kilometers, around the same size as the Netherlands or Switzerland.

The KRG provides s stable security situation – not a single coalition soldier has lost their life nor a single foreigner has been kidnapped in the area administered by the KRG.

There is an abundance of oil and gas resources in the region. The KRG develops these through production sharing contracts with many international companies.

The KRG has two new international airports in Erbil and Sulaimaniya with over 80 direct flights per week from Vienna, Frankfurt, Stockholm, Amsterdam, Dubai, Abu Dhabi, Amman, Istanbul and other destinations.

A new international airport is under construction in Duhok.

The liberal investment law, ratified in July 2006, offers foreign investors incentives including customs relief, tax holidays and the freedom to repatriate profits. A regulated banking & finance sector providing basic banking services.

There are eleven public universities and some ten private universities, several of which teach in English, and a returning diaspora provide a skilled workforce with English as a second language.

The KRG offers attractive investment opportunities in agriculture, banking, communication, construction, education & training, energy, healthcare, professional services, oil & gas and tourism.