KBE Forum 2023

Together, To Invest In A Promising Economy

KBE Forum 2023 has provided a platform for dialogue and attracted hundreds of CEOs, decision makers, senior cabinet members, bank and financial institutions and academics from KRI, Iraq, UK, Europe, Asia, USA and MENA region.

Our aim with this year’s event was to shed the light on the challenges and great opportunities in the Agriculture, Tourism, Investment and Climate Change areas. We aimed also to debate on climate change and its impact on the region and on the above sectors as well as vice versa.

The forum’s objective was to raise awareness about the effects of climate change on economy stability and the future conflicts facing the region such as migration, water scarcity and food security.

Further objectives included attracting investment and increasing trade between the Kurdistan Region / Iraq and international markets, find support for small projects in agriculture and tourism sectors and support for preventive projects to reduce the effects of climate change. (Forum’s Report will be published soon).

 دیداری  ئەمساڵی ئەنجومەنی کاری کوردستانی بەریتانی و ئەوروپی, میوان و کەسایەتییەکانی کەرتی تایبەت و گشتی و بڕیاربەدەستان و دیپلۆماتەکان وئەکادیمییەکان و وەبەرهێنەران و خاوەن کۆمپانیا و کارەگەکانی لە خۆ گرتبوو. گفتوگۆکرا لەسەر بوارەکانی کشتوکاڵ و گەشتیاری و وەبەرهێنان و گۆڕانی کەشوهەوا

ئامانجی دیدارەکە هۆشیارکردنەوەی خەڵک بوو سەبارەت بە کاریگەرییەکانی گۆڕانی کەشوهەوا و ڕاکێشانی وەبەرهێنان و پشتگیریکردنی پڕۆژەکان لەم کەرتانەدا. دیدارەکە باسی لە سەقامگیری ودەرفەتی ئابووری و ململانێکانی داهاتوو کرد و پڕۆژەی خۆپارێزی هاندا بۆ  کەمکردنەوەی کاریگەرییەکانی گۆڕانی کەشوهەوا ( ڕاپۆرت و ڕاسپاردەکەنی دیدارەکە بەم زووانە بڵاو دەکرێتەوە)١

 منتدى مجلس الأعمال الکردستاني البریطاني و الأوروبي جمعت شخصيات سیاسیة وحكومية وصناع القرار ودبلوماسيون والأكاديميين والمستثمرين لمناقشة الزراعة والسياحة والاستثمار وتغير المناخ. هدف المنتدى کان زيادة الوعي بتأثير التغير المناخي، وجذب الاستثمار، ودعم المشاريع في هذه القطاعات. تناول المنتدى استقرار الاقتصاد والنزاعات المستقبلية، وتعزيز المشاريع الوقائية للحد من آثار التغير  المناخي (سننشر توصيات المنتدى قريبا )١ 

Forum Videos and Summary Reports

 

The panel titled “Climate Change, Threats for a Stable Economy” brought together experts to discuss the impact of climate change on Iraq and the Kurdistan Region. The key focus areas were water scarcity and the impact of climate change. Throughout the discussion, the panelists emphasized the importance of transitioning towards a green economy, legislative developments in waste management and renewable energy, and the need for cooperation and financial compensation to combat climate change in Iraq and the region.

 

 

Dr. Hallo Askari, former Head of the Board of Environment of the KRG and the panel moderator, commenced the session by highlighting the historical significance of Iraq’s marshes. Dating back to 5,000 years ago, these marshes have served as one of the largest lakes in the Middle East, providing essential resources such as fish, livestock, and plants. Moreover, the marshes act as a habitat for numerous migratory birds during the winter season. However, climate change threatens this critical ecosystem, leading to water scarcity, droughts, and desertification, particularly in the southern provinces.

 

 

Dr. Jassim Al-Falahi, the Deputy Minister of Environment of Iraq, reiterated the severity of climate change, which extends beyond temperature increase and weather patterns. He stressed that the consequences of climate change affect various aspects of life, including the economy, social well-being, health, security, and politics. One significant impact is water scarcity, leading to droughts and an increased incidence of dust storms in the southern region of Iraq.

The preservation of Iraq’s socio-ecological system, particularly the southern marshlands, is of utmost importance. The marshlands have not only been historically significant but also play a vital role in environmental tourism and the country’s economy. Al-Falahi called for a transition from an oil-dependent economy to a diversified and sustainable green economy. Such a shift would involve promoting smart agriculture, integrated water management, and renewable energy.

 

 

In the context of recovery efforts, Al-Falahi acknowledged the displacement of thousands of families due to climate change impacts, leading to environmental refugees. To tackle climate change holistically, he emphasized a national vision and high-level strategy that involves not only the government but also the private sector, civil society organizations, women, and youth. This approach is evident in the development of the national strategy, or the national contribution (INDC), which includes mitigation and reduction efforts in the oil and gas sector, technology transfer in water resources and agriculture, and the implementation of nature-based solutions and renewable energies.

The Iraqi government has been working on reducing the effects of climate change through the national strategy, involving various civil society organizations dedicated to addressing climate change impacts. Al-Falahi stressed the water scarcity crisis in Iraq, connecting it to human rights and the right to life. He advocated for peaceful diplomatic dialogue and high-level negotiations to address water issues and revitalize the Iraqi marshes, thereby improving livelihoods and enhancing resilience in the face of climate change impacts.

The moderator inquired about illegal refineries in Kurdistan and the Ministry of Natural Resources plans to address this issue. Ahmed Mufti, the Deputy Minister of Natural Resources of the KRG, emphasized that climate change is a complex challenge that requires a broader perspective. He highlighted the importance of quantifying and understanding the ecological footprint to gauge the impact of human activities on natural resources. Mufti stressed the significance of collective efforts from the community to combat climate change and reduce its effects.

 

 

Regarding illegal refineries and pollution, Mufti explained that climate change in Kurdistan is not solely linked to refineries but involves multiple factors. Kurdistan primarily relies on clean energy sources, with 90% of its energy coming from gas, which is cleaner than oil. Addressing transportation inefficiencies and promoting behavioral changes among citizens could significantly mitigate the effects of climate change.

Kurdistan possesses various natural resources, including metals, but careful administration and learning from other countries’ experiences are necessary to ensure sustainable utilization. Strong laws and policies are crucial to overcoming challenges and ensuring sustainable development, considering the impact of climate change.

Abdulrahman Siddiq, the Head of the Board of Environment of the KRG, emphasized the difference between awareness and education, stating that awareness is “the moment when people feel concerned about an unfavorable situation.” The Board of Environment has an office dedicated to environmental awareness and announcements, divided into public awareness and educational awareness. Several partners, including the Ministry of Education and the Ministry of Higher Education, are involved in environmental education initiatives.

 

 

Regarding waste management, Siddiq discussed the Board of Environment’s efforts, highlighting nearly 100 “Green Investment” projects prepared along with a committee. The Ministry of Municipalities and Tourism takes primary responsibility for waste management, but public awareness and action are also crucial. Legislation regarding waste management and renewable energy is seen as important steps towards sustainability and attracting private sector investment.

The issue of gas flaring in Iraq was a significant topic of discussion during the panel. Dr. Falah Al-Ameri discussed the historical context of gas burning, which dates back to the 1980s, particularly during wars and sieges. The increase in oil production led to a significant increase in associated gas production. However, Iraq has made progress in reducing gas burning over the years, with plans to stop gas flaring completely by 2026. Economic considerations and viable commercial solutions are essential to achieving this goal.

 

 

Ahmed Mufti added that the actual figure of gas flaring in Iraq is even higher than officially reported, and it poses a serious environmental impact. Addressing gas flaring can yield significant positive outcomes and aligns with global environmental demands and regional agreements to mitigate climate change. Mufti called for policy-making that prioritizes the reduction of gas flaring, involving collaboration between the government, the private sector, and the community.

Dr. Jassim Al-Falahi addressed the efforts of the Iraqi government in reducing emissions in the oil and gas sector while protecting this critical sector. The national contribution document played a significant role in shaping the direction toward emission reduction and gas utilization. Iraq is the second-largest contributor to gas burning after Russia, but the government is committed to addressing this classification by adhering to international standards and harnessing the economic potential associated with carbon dioxide utilization.

The panel also discussed the significance of the Paris Agreement and the efforts made during the COP21 conference to combat climate change. Al-Falahi emphasized the concept of common but differentiated responsibility, recognizing that developed countries bear a greater historical responsibility for climate change due to centuries of industrial activity. Iraq and the Kurdistan region face significant impacts from climate change, including droughts, reduced rainfall, and extreme weather events, making financial compensation crucial.

International water issues were also addressed, acknowledging that 92% of Iraq’s water comes from bordering countries. Al-Falahi stressed the importance of diplomatic negotiations and financial assistance from entities like the Green Climate Fund to address water scarcity and its impact on Iraq and the region.

 

 

Regarding the utilization of renewable energy sources, Ahmed Mufti highlighted the need for infrastructure development for gas and solar energy utilization. Transitioning to renewable energy requires time and effort, but Kurdistan is already a significant gas producer, with approximately 1 billion cubic feet of gas production used for energy. He emphasized the potential benefits of utilizing solar energy in Kurdistan’s warm climate and suggested promoting behavioral changes, such as using LPG for vehicles instead of gasoline.

Dr. Falah Al-Ameri discussed the challenges of improving gasoline quality in Iraq and emphasized the importance of cleaner fuels to address environmental and health concerns. He called for a shift towards cleaner fuels like gas and improving the quality of gasoline to reduce emissions and health risks associated with lower-quality gasoline.

In conclusion, the panelists emphasized the urgency of addressing climate change in Iraq and the Kurdistan Region. They highlighted the importance of a transition towards a green economy, legislative developments in waste management and renewable energy, and international cooperation to combat climate change. The panel served as a platform to raise awareness and call for action in mitigating the impact of climate change on Iraq and the region.

 

“The Hidden Paradise, Tourism in Kurdistan Region” was a panel that brought together experts and officials to discuss the challenges and opportunities in the tourism sector of Kurdistan. Moderated by Ruwaydah Mustafa, the panelists were Dr. Mohammad Shukri, Head of the Board of Investment of the KRG; Ahmed Al-Dhahiri, the UAE Consul General; and Amal Jalal, the Head of the Board of Tourism of the KRG.

 

 

“The Hidden Paradise, Tourism in Kurdistan Region” was a panel that brought together experts and officials to discuss the challenges and opportunities in the tourism sector of Kurdistan. Moderated by Ruwaydah Mustafa, the panelists were Dr. Mohammad Shukri Head of the Board of Investment of the KRG; Ahmed Al-Dhahiri, the UAE Consul General; and Amal Jalal, the Head of the Board of Tourism of the KRG.

Dr. Mohammad Shukri commenced the discussions by highlighting the strategies implemented by the Board of Investment to promote tourism in the region and attract foreign investment. The Invest Kurdistan logo, designed to attract foreign investors, operates under the direct supervision of the Prime Minister. Dr. Shukri emphasized the importance of providing investors with seamless processes and information, and to achieve this, the invest.gov.krd website was launched. The platform offers relevant details for electronic registration of investors to obtain their investment permits efficiently.

A notable aspect of the panel was the ongoing collaboration between the Board of Investment and the Board of Tourism, resulting in a comprehensive Tourism Investment Roadmap. This roadmap outlines 67 strategic projects aimed at enhancing the tourism sector in Kurdistan. The strategy encompasses various aspects, including streamlining visitor entrance at border checkpoints and developing touristic sites that cater to visitors, particularly from the UAE.

 

 

Creating suitable tourist compounds emerged as a key focus for attracting affluent visitors from Gulf countries. Dr. Shukri emphasized that Kurdistan offers a suitable environment for Gulf citizens to live in, own assets, and visit as tourists, contrary to concerns about Arabization. Encouraging affluent visitors to spend in Kurdistan would have a direct impact on the region’s revenue and stimulate further improvements in the tourism sector.

Dr. Shukri highlighted the need to move beyond relying solely on domestic tourists from within Iraq, focusing instead on attracting affluent international visitors. By doing so, the region can increase revenue and incentivize the government to enhance the quality and standards of the tourism sector. “Projects like Korek Mountain, an attractive destination for affluent tourists, play a crucial role in this regard.” Said Dr. Mohammed.

Ahmed Al-Dhahiri, drawing from the UAE’s successful experience in tourism, provided valuable insights and lessons for the Kurdistan Regional Government (KRG). He commended the KRG’s efforts and willingness to provide services to all investors, highlighting the interconnected nature of tourism and investment.

 

The UAE’s journey towards becoming a successful tourism destination began in 1971 when the country prioritized development and investment across various sectors. From the 1990s, the UAE shifted its focus to global tourism, becoming one of the most important destinations in the Middle East and the world. The UAE currently holds a prominent position, ranking 19th in the world for tourism, and 17th when considering Saudi Arabia for 2020-2023.

Al-Dhahiri emphasized that tourism has become a key pillar for any advanced country’s local product. He drew attention to the significance of building dams to strengthen the tourism sector, especially in terms of investment. “Water resources and conservation play a vital role in the success of renewable energy, agriculture, and tourism sectors.” Said Al-Dhahiri.

Infrastructure development was identified as a pivotal factor in the UAE’s tourism success, enabling the country to host large international conferences and attract international investments. Al-Dhahiri stressed the importance of investing in infrastructure to enhance Kurdistan’s tourism potential. The development of historical areas and museums, such as the Barzan Museum in cities like Erbil, Suleimaniyah, and Dohuk, was highlighted as a crucial aspect of enhancing the region’s appeal for tourists.

Mrs. Amal Jalal provided comprehensive insights into the significant advancements made in Kurdistan’s tourism sector. She highlighted the diverse attractions that the region has to offer, including religious heritage sites, historic places, therapeutic tourism, extreme sports, arts, and culture. This diverse range of attractions caters to the preferences of different types of tourists and makes Kurdistan an appealing destination for various travel purposes.

 

 

Jalal emphasized that tourism is not solely an economic dimension; rather, it also holds political, cultural, and national identity significance for Kurdistan. In achieving success in tourism, she stressed the importance of collective responsibility from all government ministries and facilities to improve infrastructure and services.

“To further support the development of tourism in Kurdistan, the Board of Tourism has developed guidelines for various tourism activities and is currently working on a roadmap for reform. This roadmap, developed in collaboration with the UNDP and USAID, aims to address the development of tourism infrastructure.” Said Jalal. However, she candidly acknowledged the need to improve the quality of services and infrastructure in Kurdistan, including roads and various activities, to enhance the region’s competitiveness as a tourist destination.

Amal Jalal also highlighted the importance of marketing and the need for customized and interesting content to attract tourists. While media facilities have assisted in promoting the region, there is room for improvement in this area. Additionally, she stressed the need for education and training to produce skilled graduates who can effectively contribute to the tourism sector.

The panel also addressed the crucial issue of climate change and its impact on tourism. Jalal stated that the Board of Tourism is actively collaborating with relevant ministries to address the challenges posed by environmental changes. Measures include increasing the green belt, preserving and maintaining dams, and promoting the use of eco-friendly materials in construction.

In response to a question raised by a member of the audience regarding youth participation, Ahmed Al-Dhahiri acknowledged the significance of youth participation in the tourism sector and praised the youth’s potential in the Kurdistan Region. He highlighted that the region is of great importance, and the UAE is committed to promoting and supporting the future generation. The UAE has ongoing projects aimed at uniting youth through programs and private meetings across all provinces, intending to cultivate and develop their leadership skills. Cooperation between the UAE and the youth of Iraq and the Kurdistan Region in joint programs is a crucial part of this endeavour.

 

 

Dr. Shukri recognized the crucial role of youth in shaping the future of the Kurdistan Region. He emphasized their proficiency in linguistics, social media, self-improvement, and research. “The youth’s command of English and access to advanced technologies are seen as great assets for Kurdistan’s future prosperity and progress, particularly in the tourism and investment sectors.” He said.

The panel concluded with Amal Jalal providing a final statement, emphasizing the significance of attracting tourists from diverse regions to Kurdistan. She highlighted the 67 projects spread across all provinces in Kurdistan, intended to encourage further investment in the region’s tourism sector.

Looking towards the future, Jalal presented an ambitious goal to welcome 20 million tourists by 2030, a substantial increase from the current numbers. She underscored that achieving advancements in tourism will benefit not only the government but also the workers and people of Kurdistan.

In conclusion, the panelists provided valuable insights into effective strategies for promoting tourism, attracting investment, and harnessing the potential of youth in Kurdistan’s tourism sector. Emphasizing infrastructure development, marketing, education, and sustainable practices will lead to a thriving and attractive tourist destination. The panel discussions shed light on the immense potential of Kurdistan as a hidden paradise waiting to be explored by global tourists.

 

The panel titled “The Food Basket of Iraq, Agriculture in KRI” brought together experts, policymakers, and stakeholders to address critical issues concerning agricultural development, water scarcity, and food security in Kurdistan. With a growing population and increasing climate challenges, ensuring sustainable agricultural practices and securing the region’s food supply have become pressing concerns.

 

 

Dr Dara Jameel, Advisor at the Council of Ministers, moderated the panel discussion. He initiated the dialogue by addressing Kamal Muslim, Minister of Trade and Industry of the Kurdistan Regional Government (KRG). Dr Jameel underscored the urgency of addressing water security, water scarcity, and the challenges in agricultural development amid global warming and climate change. He particularly inquired about the difficulties faced by farmers in receiving payment for their wheat and the steps taken to resolve these issues.

 

 

Muslim acknowledged the problems faced by the Ministry and farmers in receiving payment for their wheat. He revealed that before 2014, there were no significant issues with payments. However, in the years 2014, 2015, and 2016, Baghdad failed to pay a considerable amount owed for the wheat supplied by Kurdistan farmers. After intense negotiations, the owed money was eventually obtained. Muslim noted that the problem persisted as Baghdad did not take all the wheat produced by Kurdistan farmers, unlike other regions in Iraq. Baghdad cited excuses for this, which Muslim deemed to be untrue. Last year, due to drought conditions, Baghdad took all the wheat from Kurdistan farmers. This year, early efforts were made to persuade the Iraqi government to take all the wheat again, but a recent meeting indicated that only a small fraction of the produced wheat (375,000 tons) would be accepted, despite larger yields due to favourable conditions.

 

 

Regarding the money owed to farmers, Muslim clarified that the federal government no longer owes any money for previous years. All payments from 2014 to 2016 have been settled. This year, farmers will receive 850,000 IQD for every ton of wheat, the same payment rate as in other parts of Iraq.

The moderator then directed a question to Abdulkarem Sleman, Deputy Minister of Agriculture of the KRG. He inquired about the quantity of wheat produced in Kurdistan, the region’s self-sufficiency, and the surplus wheat yield over the last three years, excluding the impact of drought.

 

 

Sleman acknowledged the importance of accurate data on this matter. According to their data, the Kurdistan region’s annual wheat consumption stands at approximately 700,000 to 750,000 tons. In contrast, Kurdistan’s wheat production surpasses one million tons annually.

The panelists’ responses highlighted that Kurdistan has been producing a surplus of wheat over the past three years, even without accounting for the impact of drought. This signifies a significant level of wheat productivity in the region, which can potentially contribute to addressing the challenges related to wheat scarcity and food security.

The moderator addressed Dr. Salah Elhajjhassan, the Food and Agriculture Organization (FAO) Representative in Iraq, and inquired about the role of FAO in addressing the issue of food security in Iraq and Kurdistan. Dr Jameel acknowledged the various challenges faced in the region, including conflicts, water shortages, and climate change, and asked how FAO could contribute to ensuring food security and providing reassurance to farmers and the public.

Dr. Elhajjhassan emphasized the significance of using resources efficiently and the need for innovative solutions to address climate change and its impact on food security. Dr. Elhajjhassan noted that the issue of food security cannot be viewed in isolation and necessitates international cooperation and comprehensive approaches involving various stakeholders, including ministries, institutions, private sectors, farmers, and consumers.

 

 

Regarding the role of FAO, Dr. Elhajjhassan highlighted the importance of adopting new technologies and modern agricultural practices, particularly in light of climate change. He stressed the significance of empowering the human element through training and awareness, especially for women and youth who are most affected by climate change. He also emphasized the essential role of trade in ensuring food security, as many countries in the region heavily rely on food imports. Dr Elhajjhassan mentioned the potential to increase wheat productivity in Iraq by adopting better practices, training farmers, and investing in research.

The moderator then moved to Jort Posthumus, the Deputy Consul General of the Netherlands, asking for his advice on developing policies to address food security and water scarcity in the region. Dr Jameel acknowledged the challenges faced and sought insights from Posthumus on prioritizing actions to be taken.

Posthumus acknowledged that many important points had been addressed by previous panelists. He emphasized the significance of developing a strategy for agriculture with a focus on climate-smart agricultural systems, water management, and the development of value chains. He also highlighted the importance of marketing and making better use of the regional market, rather than relying heavily on imports.

 

 

Posthumus stressed the role of the private sector and new technologies in driving innovation and growth in agriculture. He mentioned that in the Netherlands, the private sector played a crucial role in introducing new techniques and technologies. However, he also emphasized the government’s responsibility in creating an ecosystem that facilitates growth and supports the adoption of new techniques. Posthumus praised the current government in the Kurdistan region for being on the right track and contributing to the drafting of an agricultural policy paper that addresses key areas such as value chain development, water management, and marketing.

Regarding food security and the food rations given to Kurdistan’s residents, Kamal Muslim provided insights into the food rations distribution system. He stated that nearly 5,300,000 people in Kurdistan receive food rations from the government, including 9kg of flour, 3kg of rice, 1kg of sugar, chickpeas, tea, and other essentials. He acknowledged that the food rations play a significant role in providing citizens with a sense of contentment and covering some of their basic food needs. Moreover, he highlighted that the distribution of food rations also has a positive impact on the market by lowering food prices, even for those who do not receive the rations.

However, Muslim distinguished between the current provision of food rations and the concept of true food security. He emphasized that while the food rations contribute to citizens’ well-being and market stabilization, they do not fully represent food security as he defines it. In his view, true food security is achieved when a country can source all its basic food needs from within its borders, with minimal reliance on imports.

Muslim aligned with Dr. Elhajjhassan viewpoint that food security is a multidimensional issue that involves the collaboration of all government ministries. While the Ministry of Trade manages the distribution of food rations, Muslim acknowledged that achieving food security requires efforts from various sectors, including agriculture, trade, and other related fields.

In response to Dr Jameel’s question about water scarcity and the steps taken by the ministry to address the issue, Abdulkarim Sleman explained that while the responsibility for water scarcity lies with the Ministry of Municipalities, the overall management of water resources in Iraq falls under their ministry’s purview.

Sleman mentioned that Iraq has four sources of water: rainwater, river water, underground water, and seawater. He went on to highlight the collaboration between his ministry and the Ministry of Water Resources of Iraq in constructing four important dams in Kurdistan. These dams include the Bakur Dam in Duhok, the Mandawa Dam in Erbil, and two other dams in Qaladze and Taqtaq. He emphasized the significance of these dams in mitigating the effects of drought, water scarcity, and climate change in the region.

 

 

Sleman further discussed the progress made on two crucial dams: the Khns Dam, which already has water collected in it, and the Diwana Dam located near Darbandikhan. Additionally, he mentioned the near completion of two other dams, which are more than 90% finished with construction. These projects play a vital role in combatting water scarcity in the region.

When asked about the responsibility for filtering ‘heavy water,’ Sleman clarified that it falls under the jurisdiction of the Ministry of Municipalities. Nonetheless, he emphasized that efforts have been made in Erbil to improve water filtering processes. The ministry has sought to learn from other countries with advanced water filtering systems through various visits and exchanges.

When addressing the Ministry of Trade and Industry’s policies and roadmaps for providing job opportunities across the region and whether the placement of factories aligns with the corresponding local products, Muslim responded by stating that the ministry has worked to create geographic diversity for job opportunities across Kurdistan. They collaborated with the Board of Investment to disperse opportunities from Zakho to Kfri, ensuring that job prospects are available in various areas of the region.

Regarding food factories, Muslim explained that they strategically build factories in locations with an abundance of specific agricultural products. For instance, juice factories are established in regions known for their surplus of grapes, while olive factories are located in areas with a high production of olives. This approach ensures that the factories can efficiently utilize the available local produce.

Jort Posthumus responded positively to the idea of hydroponic production in the region. He highlighted the benefits of this technique, including its efficient water usage, which can save up to 90% of water compared to traditional irrigation methods. He also pointed out that hydroponics can lead to increased yields and requires less space, making it a relevant option for agricultural development in Kurdistan.

Posthumus emphasized the importance of public-private partnerships (PPP) as a mechanism for introducing such techniques. PPPs involve a combination of government investment and private sector involvement, making it possible to kickstart the adoption of hydroponic and other efficient water irrigation techniques in the region.

 

 

In conclusion, the panel discussion shed light on the various aspects of agriculture and food security in Kurdistan. The region’s surplus wheat production, the potential for hydroponic agriculture, and the strategic placement of food factories underscore the opportunities for further growth and development. Moreover, the collaborative efforts between government entities, international organizations like the FAO, and private sectors are crucial in ensuring sustainable agricultural practices and securing the region’s food basket in the face of climate change and water scarcity challenges.

 

 

Your Excellencies, distinguished guests, ladies and gentlemen, welcome to the second Kurdistan – Britain and Europe Business Council Forum. We hope that this conference will act as a platform for developing relationships and mutual cooperation between local and international companies.

The purpose of this forum is to highlight the available investment and commercial opportunities, as well as the emergence of the commercial relationships between local and foreign markets. We also aim to shed light on the challenges faced by business owners, factories, and the wider private sector in order to find solutions for the challenges they face.

Through three sessions, we will address the agriculture and tourism sectors and also climate change.

Since ancient times, our land has been the food basket of the whole region. Agriculture can generate more income than oil if a bespoke roadmap is developed, and solutions are found for the obstacles facing food security such as water scarcity.

Natural and man-made disasters have a direct negative impact on global food security, and as a result, some countries in the world are looking towards investing in Kurdistan. This shift will provide an opportunity for the private sector to invest and work in this field.

However, these opportunities will not see the light of day without the support of the government, through enacting laws that can serve investor and local products.

We must also mention the importance of training due to its direct impact on the quality and quantity of local products.

We mean here the training of farmers and stakeholders so that they may become acquainted with the latest contemporary global methods of agriculture, production, marketing, and production of organic food.

In the second session, we will talk about the tourism sector, which receives considerable attention in many countries around the world and generates huge amounts of income. For example, the tourism sector in the United Kingdom generates annually 127 billion pounds and employs 2.8 million people. The United Arab Emirates; tourism revenue exceeds 43 billion dollars annually.

Our country boasts unique, historical and natural attractions and a hospitable and generous people. However, the tourism sector needs restructuring and a new and solid infrastructure. Here the role of the government is crucial to champion this sector and revive the glories of the past for the ancient monuments in our country. The government needs to support the private sector and set a roadmap to attract local and foreign investment.

The third session will focus on climate change and its impact on our region, its future, and its destructive effects that we experience in our daily lives. The implications of water scarcity and drought have begun to knock on our doors, as we see migration from the south of Iraq to the middle of Iraq and the Kurdistan Region has already begun. We will discuss the risks, solutions, and opportunities available for the growth of the economy and the private sector in light of climate change.

So I hope the upcoming sessions and discussions will be enlightening and can lead to fruitful, actionable results.

Thank you.

 

The keynote speech delivered by Serwan Baban, the Chief Scientific Advisor to the Kurdistan Region President, addressed crucial topics relating to the Kurdistan Region’s environmental challenges and the need for strategic planning to combat the impacts of climate change.

Serwan Baban began by acknowledging the positive and productive relationship between Iraqi Kurdistan and the UK. He emphasized the shared values of peace and coexistence, which have shaped the region’s outlook and future.

He expressed appreciation for the UK’s role in establishing the no-fly zone over Northern Iraq after the 1992 Gulf War. This initiative played a significant role in allowing de facto autonomy to develop in the Kurdistan region. Furthermore, the UK has provided training for Peshmerga forces since October 2014, strengthening the relationship.

Serwan highlighted the region’s vulnerability to climate change and its adverse impacts. He noted that the Kurdistan Region is already experiencing climate-related challenges, including floods, dust storms, prolonged drought, and extreme temperatures. He stressed the urgency of developing effective strategies to address climate change and build resilience into the region’s life and culture. He underlined the importance of preparing the population for a world beyond a 1.5-degree Celsius increase in temperature.

At the international level, the Kurdistan Region Presidency aims to collaborate with other nations in resource-sharing and leadership to manage climate change impacts on water security, food security, human health, settlements, and promote renewable energy sources. Serwan emphasized the need for regional cooperation with neighboring countries to ensure equitable access to water resources, citing international agreements such as the 2016 Helsinki Agreement.

At the local level, the speech advocated for the construction of dams, water harvesting schemes, modernization of irrigation and drainage systems, and the implementation of climate-smart agricultural practices. Early warning systems and community-based disaster risk management were also highlighted. Also highlighted was the importance of educating the population about environmental and climate matters. He encouraged active participation in sustainable daily affairs.

The Kurdistan Region Presidency invited all participants at the KBE Forum 2023 to contribute and share knowledge regarding climate change management, encompassing various aspects such as awareness raising, adaptation, early warning systems, renewables, and mitigating climate change risks.

In conclusion, Serwan Baban’s keynote speech emphasized the critical importance of addressing climate change challenges in the Kurdistan Region. The Kurdistan Region Presidency seeks international collaboration, regional cooperation, and local initiatives to build resilience and ensure a sustainable future in the face of climate change.

 

Dr. Mohammed Shukri, Chairman of the Board of Investment in the Kurdistan Regional Government (KRG), delivered akeynote speech focusing on the importance of foreign investment in the Kurdistan Region and the efforts undertaken by the KRG to attract investors.

Dr. Shukri began by expressing his gratitude to Ashty Aladin and his team for organizing the forum, acknowledging their role in bringing it to life for the second consecutive year. He underscored the importance of such forums in increasing investment in the Kurdistan Region.

The Chairman emphasized the KRG’s hope to attract foreign investment to the region and how the plans and programs of the Board of Investment are aligned with this goal. He identified forums like the KBE Forum as essential factors in achieving this hope.

Dr. Shukri revealed the Board of Investment’s efforts to create a dedicated logo for investment in Kurdistan, named “Invest Kurdistan.” A corresponding website, invest.gov.krd, has been launched to provide detailed information on investment sectors. The sectors of agriculture, environment, and tourism were highlighted, and an investment map has been developed.

Dr. Shukri expressed the expectation that His Excellency the Prime Minister would play a significant role in unlocking the doors of the Kurdistan Region for foreign investment, particularly in sectors with high investment potential, such as agriculture and tourism.

The Chairman highlighted the importance of collaboration with various government entities, including the ministries of agriculture, trade and industry, and tourism, as well as the Board of Tourism, the Board of Environment, the Chamber of Commerce, and the Investors’ Union, to boost investment in the Kurdistan Region.

Dr. Shukri acknowledged the efforts of individuals like Dr. Ashty and the forums they organize in introducing the Kurdistan Region as a promising investment destination. He emphasized their commitment to further serve the region.

The Chairman noted that Kurdistan has enormous investment potential, particularly in agriculture and tourism. He emphasized the importance of educating the population and nurturing expertise in these sectors to create sources of income and contribute to the region’s development.

Dr. Shukri highlighted the human resources, including multilingual professionals and graduates of international universities, as well as the favorable natural conditions such as soil, water resources, climate, and geographical location that make Kurdistan an attractive destination for investment.

 

Rosy Cave, the UK Consul General, delivered a comprehensive keynote speech highlighting the United Kingdom’s interests and priorities concerning the economy, trade, investment, agritech, and the impact of climate change in the Kurdistan Region of Iraq (KRI) and the wider country.

Rosy Cave commenced her speech by emphasizing the UK’s overarching objective of supporting the Kurdistan Regional Government (KRG) and the federal government of Iraq in achieving peace, stability, and prosperity across the entire nation. The UK’s commitment includes promoting inclusive and diversified economic growth.

The UK aims to work closely with the KRG and the Iraqi federal government in various areas, including private sector reform, access to finance, job creation, women’s economic empowerment, and enhancing Iraq’s water and energy supply. The UK also seeks to boost investment and trade in renewables, infrastructure, technology, and the financial sector.

Rosy Cave stressed the importance of agritech, particularly in a region where food imports play a significant role. The UK, with its advanced agritech innovation, aims to support Middle Eastern markets in meeting their food security goals. Three primary strategies were highlighted: showcasing UK innovation, attracting potential investors, and facilitating knowledge transfer and collaboration.

One of the UK’s top priorities is negotiating a free trade agreement with the Gulf Cooperation Council to strengthen trade and investment relationships and address trade barriers. Collaboration in sectors such as healthcare, innovation, education, finance, and security is seen as beneficial for the UK and the GCC countries.

Cave shared statistics indicating a positive trend in UK-Iraq trade, emphasizing the increased trade volumes in various sectors. The UK is keen to support more businesses, including those in the KRI, to enter the Iraqi market.

Rosy Cave highlighted the pressing nature of climate change and its adverse effects on global weather patterns, citing the increase in extreme weather events. She underlined the risk-amplifying nature of climate change, particularly in conflict and security issues. The UK is committed to addressing climate change, supporting Iraq in implementing its climate plans, and enhancing climate resilience.

Cave stressed the importance of aligning climate and development objectives to achieve long-term decarbonization and sustainable, inclusive economic growth. Effective coordination between the government of Iraq, the KRG, and local actors was highlighted as essential in bridging the gap between these goals.

The UK expressed its willingness to deepen cooperation with the private sector in Iraq to unlock financing for a just transition. The private sector’s active involvement is crucial for economic growth, job creation, and skill development.

In conclusion, Rosy Cave’s keynote speech emphasized the UK’s commitment to supporting economic development, trade, agritech, and climate resilience in the Kurdistan Region of Iraq and the broader country. The speech underscored the importance of collaboration, knowledge sharing, and aligned efforts to address pressing challenges in the region. The UK’s dedication to fostering inclusive and sustainable growth and its readiness to engage with stakeholders were prominent takeaways from this insightful presentation.