Kurdistan Region Opens Three Key Sectors to Saudi Investment

Welat TV – Erbil

The Head of the Investment Board of the Kurdistan Regional Government (KRG) has invited the Kingdom of Saudi Arabia to invest in three key sectors in the Kurdistan Region, during the Saudi–Kurdistan Region Economic Forum held in Erbil.

Speaking on Sunday, February 8, 2026, Mohammed Shukri, Head of the KRG Investment Board, said that under the supervision of Kurdistan Regional Government Prime Minister Masrour Barzani, the Region has embarked on a strategic path to diversify its economy.

“We have begun a strategic course to diversify the economy so that we do not rely solely on energy, oil, and gas, but instead build a strong infrastructure based on the sectors of industry, agriculture, and tourism,” Shukri stated.

Regarding relations with Saudi Arabia, Shukri noted that just as the Kingdom is undergoing a historic economic transformation, the Kurdistan Region shares the same forward-looking vision.
“Our goals are similar, and our capabilities complement one another,” he said.

The Head of the Investment Board called on Saudi companies to invest in three main sectors:

Agriculture: to enhance food security by benefiting from the fertile land, water resources, and suitable climate of the Kurdistan Region.

Industry: to achieve self-sufficiency in construction materials and industrial production.

Tourism: to develop mountainous areas and resorts into world-class tourist destinations.

In closing, Shukri reassured investors, stating:
“The investment law in the Kurdistan Region guarantees equality between local and foreign investors, provides significant customs and tax exemptions, and ensures full freedom to transfer profits and capital to and from abroad.”

He also emphasized that local companies and chambers of commerce are ready to coordinate and establish joint ventures with Saudi investors.

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