The third BIP for Economy and Investment Summit opened today at the Divan Hotel in Erbil. Organizers welcomed local and international companies as the two-day event began with strong interest. The Kurdistan Region’s Investment Board supervised all preparations. The event attracted attention because many companies from different sectors confirmed their participation.
The Kurdistan Region continues to grow as an attractive market for global investors. Therefore, the regional government focuses heavily on building a stable investment environment. Officials believe this effort creates real confidence for foreign companies. The region’s economic team also highlights the area’s strategic location and young workforce. These elements encourage investors who want reliable business opportunities.
Ramyar Arslan, the Executive Director of BIP, spoke during the opening moments. He mentioned that organizers scheduled 30 face-to-face meetings for the first day alone. Ramyar Arslan also noted that participants may announce up to 50 agreements of understanding before the summit ends. He explained that this year’s program covers eight key sectors. These include smart technology, green energy, advanced manufacturing, real estate, and banking. Several other fields also appear on the agenda.
He said the team aims to strengthen the entire investment infrastructure of the Kurdistan Region. Moreover, he stated that this year’s summit feels very different because the Kurdistan Regional Government offers strong support. Arslan added that the delegation will also visit cultural landmarks such as the historic Erbil Citadel. He noted that these visits help guests understand the region’s identity and economic potential.
Throughout the summit, organizers planned many panel discussions and private meetings. Major companies, investors, and business leaders from the region, the Gulf, Europe, and several other countries arrived to join the program. The BIP summit seeks to connect global investors with large corporations and individual entrepreneurs. This approach creates new partnerships and unlocks new investment opportunities in many sectors.
More than 15 holdings from the Kurdistan Region and Iraq joined the event. Nearly 15 additional holdings and investment groups arrived from 13 different countries. Furthermore, 50 major international companies also registered for participation. Officials expect the summit to draw interest worth up to 275 million USD this year. They believe this number reflects strong faith in the region’s business environment.
The first and second BIP summits took place in the United Arab Emirates. Those events generated important agreements between companies from several industries. The first summit generated 100 million USD in interest. The second reached 350 million USD. Organizers now hope the third summit in Erbil will continue that upward trend and create even larger economic opportunities for the region.
