Kurds inherited a devastated country from the regime of Saddam Hussein. Following the removal of his administration, the region fully under the Kurdistan Regional Government’s control was the only in Iraq to be ranked “secure” by the US army.
The security and stability of the region has allowed the KRG to sign a number of investment contracts with foreign companies and to achieve a higher level of development than other regions in Iraq. Nowadays the government receives the 17% of the total revenues from Iraq’s oil exports. Kurdistan has currently the lowest poverty rates in Iraq and this strong economy is also attracting new investors and workers from other parts of Iraq and from other countries.
The investments in the region currently total more than $14bn, including housing, reforesting, building infrastructure.
Tourism is steadily increasing as more people discover this region and the kurdish families rediscover a peaceful and normal life.