Direct Foreign Investment in Kurdistan Region of Middle-East: Non-Oil Sector Analysis

TL;DR

This study analyzes non-oil sectors in Kurdistan Region from 2005 to 2013, highlighting significant foreign investment inflows, key sectors, and policy recommendations to attract more FDI.

Contribution

It provides a comparative analysis of FDI in Kurdistan's non-oil sectors, identifying investment patterns and proposing fiscal policies to enhance FDI attraction.

Findings

Significant FDI inflows across Kurdistan's governorates.

Identification of sectors with high investment needs.

Recommendation for cashless fiscal policies to boost FDI.

Abstract

Kurdistan Region is a tourist hub. This research analyzes other Non-Oil Sectors that have huge attractions of Foreign Direct Investments into the Kurdistan Region from 2005 to 2013. Comparative analysis was carried out between Iraq and the Region, and among influential Sectors of the Economy. T-test and ANOVA are statistical tools employed in testing the research hypotheses. The research identify that there exist significant Foreign Direct Investment inflows across the governorates in the region and among influential sectors of the Economy. The research also highlighted areas of high level of investment needs, sectors that have been crowded out and business opportunities in the region that requires huge Foreign Direct Investments. It is recommended that the Regional Kurdistan Government should embark on fiscal Cashless policies in order to stimulate further spill-off effects of attracting enormous Non-Oil Sectors of Foreign Direct Investments into the region.