Erbil continues to attract investors as business activity expands across the Kurdistan Region. The General Directorate of Investment has now issued 850 investment licenses, highlighting the city’s strong appeal for local and international businesses.
Erbil Director General of Investment Saman Arab said the directorate has granted 850 licenses and continues to review several new investment applications.
Arab said the directorate issued nearly 50 investment licenses during the first six months of 2026. He added that the steady number of approvals shows investors still see Erbil as a leading destination for new projects.
The directorate issued about 100 investment licenses throughout 2025. Arab expects the total to rise this year because the Kurdistan Regional Government (KRG) continues to offer incentives and support for investors. These measures encourage both local and foreign companies to launch new businesses in Erbil.
The investment portfolio covers 11 economic sectors. However, officials give priority to projects that create more jobs and strengthen the local economy.
Arab said industry, tourism, and agriculture remain the top investment sectors. These industries can generate employment and support long-term economic growth. The directorate also approves projects in commerce, education, and healthcare.
Erbil remains the economic center of the Kurdistan Region. The city attracts investors with its stable security, modern infrastructure, and business-friendly regulations. Since 2006, the KRG has encouraged investment through tax exemptions, land allocation, and other incentives.
Today, the regional government continues to diversify the economy beyond oil and gas. Officials encourage investment in manufacturing, agriculture, tourism, education, healthcare, and logistics. They also support partnerships between the public and private sectors to improve the business climate.
Despite economic challenges across Iraq, Erbil continues to attract new projects. Officials believe private sector investment will create jobs, strengthen the economy, and support sustainable growth. With more applications under review, Erbil looks set to remain one of Iraq’s leading investment destinations.
