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 1st U.S. company to open branch in Iraqi Kurdistan's capital

 Source : VOI
  Kurd Net does not take credit for and is not responsible for the content of news information on this page

 


1st U.S. company to open branch in Iraqi Kurdistan's capital  28.10.2008

 



October 28, 2008

Erbil-Hewler, Kurdistan region "Iraq", — York International Corporation has opened a branch in Kurdistan’s Erbil, thus becoming the first U.S. company to operate in the city.

During the inauguration ceremony,
www.ekurd.net Erbil Governor Newzad Hadi said that the branch will provide facilities for companies and the private sector, which contribute to the development of the region.

York is the largest independent supplier of heating, ventilation, air conditioning and refrigeration (HVAC&R) products in the United States and a leading competitor globally.

$15B investments in Kurdistan in 2 years

An amount of 15 billion U.S. dollars have been invested in projects in Iraq’s Kurdistan region throughout two years, a senior local official said.

“A total of $15 billion have been invested in projects in the region since the enactment of the Investment Law in June 2006 and until September 2008,” the general director of the investment department in Sulaimaniyah, Yasin Feqe Saed, told VOI.

Saed explained that the number of investment projects implemented throughout this period was 127,
www.ekurd.net mostly by companies from Egypt, the United Arab Emirates, New Zealand, Lebanon, Britain, the United States, and Jordan.

“The United Arab Emirates companies had the lion’s share with $6 billion worth of projects,” the official noted.

Copyright, respective author or news agency, VOI 

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