The Iraq Britain Business Council (IBBC) took a significant group of members on a trade mission to KRI this week. Paramount was the need to review business opportunities and investment in the region and to learn directly from the Prime Minister Barzani his plans for business and industry.

The group, led by Baroness Nicholson, UK Trade Envoy to Iraq, Christophe Michels MD of IBBC and Eng Rasmi Al Jabri, Deputy Chairman of IBBC included representatives from Jaguar LandRover, Crescent Petroleum, EY, Siemens, Sardar Trading Agency, Garda World, Stirling Education, KPMG, G4S, OilServ Kuwait, and from the DIT Mr Rawand Askary, and James Thornton of UK FCO.

The Prime Minister introduced a number of Ministers for discussion with the group, including KRI Minister of Electricity Mr Kamal Mohammad Saleh discussing project finance and other related matters. The DG of the KRIs MoI joint crisis coordination centre Mr Hoshang Mohamed discussed the clearance of IEDs & mines and the handling of the overall IDP and refugee crisis (that G4S have been heavily engaged with).

In conversation, Mr Barzani stated that ‘the KRI government will bring in reforms to cut down on red tape for the private sector to develop. It will pursue a policy of registering companies through a ‘one window’ online portal which should allow company registrations to be done in the same time it takes in western countries to do so. He also said that the new administration is streamlining overall bureaucracy for private businesses to limit unnecessary Government interference.

The Government is also planning to draft a new bribery law to fight corruption and is looking at reviewing its financial framework to encourage PPPs throughout the economy including education and health. Diversification of the economy is big on the agenda with agriculture, tourism and the manufacturing of goods being a priority. KRI should import less and produce more and eventually find markets outside its borders for its products. Foreign partners for all of this are sought after.’

A permanent revenue sharing agreement with Baghdad is top of the agenda among other things to allow credit export agencies to work directly in the KRIG.’

On Sunday the Planning Minister and Mr Amanj Raheem, Cabinet Secretary, Kurdistan Regional Government spoke, and the Ministers for Construction and Electricity attended the British Consulate Reception taking place at the JLR show room kindly sponsored by Sadar Trading Agencies – thanks to Mr Sardar Al-Bebany Chairman and CEO. Dr Dara Al Khayat, Chairman of KRI federation of Chamber of Commerce and Industry in Erbil, hosted a Monday evening event and on Tuesday the mission visited Crescent Petroleum offices.

The trip continued to Baghdad

(Source: IBBC)

The British Business Group Kurdistan (BBGK) held its launch reception on Wednesday 10th December in the fabulous setting of the Jaguar Land Rover Showroom in Erbil.

The event was attended by business people, members of the diplomatic community and representatives from the Kurdistan Regional Government.

The BBGK was recently established as it was felt there was sufficient momentum in the British business community here to warrant the formation of an independent group of like minded business people to promote British goods and services as well as British-owned companies operating in Kurdistan.

The BBGK provides a forum for networking, problem solving and social activities. In addition to its monthly networking lunch (with a variety of speakers on practical, relevant topics), the BBGK organisers one-off events, often coinciding with visiting trade delegations.

The BBGK also aims to be a touch point for British firms and individuals who are looking at Kurdistan as a potential market and would like to benefit from the experience of business people already operating here. The BBGK has the full support of the British consulate in Kurdistan but is an independent, non-partisan and not-for-profit organisation, run by business people volunteering their services. The BBGK is registered with Ministry of Trade and Industry.

Membership of the BBGK is open to British individuals, British-owned companies and any company that markets British goods and services.

John Downe, Chairman of the BBGK, commented:

“Now is a tremendously exciting time for the region and we want to show the commitment of our members to the Kurdistan Region.

“We would love to hear from people who are interested in joining so together we can further build the business community.”

The founder committee members are:

  • John Downe, Chairman (Azure Serviced Offices);
  • Mustafa Sed, Events (JCB / K Machinery);
  • Botan Osman, Institutional Relations (Stirling Group and Restrata);
  • Harry Bucknall, Marketing (Control Risks);
  • Chris White, Membership (Jaguar Land Rover / Sardar);
  • Greg Englefield, Legal Affairs (Confluent Law Group);
  • Mike Barry, Treasurer (Edinburgh International and Constellis).

(Source: British Consulate General)

The British Business Group Kurdistan (BBGK) held its launch reception on Wednesday 10th December in the fabulous setting of the Jaguar Land Rover Showroom in Erbil.

The event was attended by business people, members of the diplomatic community and representatives from the Kurdistan Regional Government.

The BBGK was recently established as it was felt there was sufficient momentum in the British business community here to warrant the formation of an independent group of like minded business people to promote British goods and services as well as British-owned companies operating in Kurdistan.

The BBGK provides a forum for networking, problem solving and social activities. In addition to its monthly networking lunch (with a variety of speakers on practical, relevant topics), the BBGK organisers one-off events, often coinciding with visiting trade delegations.

The BBGK also aims to be a touch point for British firms and individuals who are looking at Kurdistan as a potential market and would like to benefit from the experience of business people already operating here. The BBGK has the full support of the British consulate in Kurdistan but is an independent, non-partisan and not-for-profit organisation, run by business people volunteering their services. The BBGK is registered with Ministry of Trade and Industry.

Membership of the BBGK is open to British individuals, British-owned companies and any company that markets British goods and services.

John Downe, Chairman of the BBGK, commented:

“Now is a tremendously exciting time for the region and we want to show the commitment of our members to the Kurdistan Region.

“We would love to hear from people who are interested in joining so together we can further build the business community.”

The founder committee members are:

  • John Downe, Chairman (Azure Serviced Offices);
  • Mustafa Sed, Events (JCB / K Machinery);
  • Botan Osman, Institutional Relations (Stirling Group and Restrata);
  • Harry Bucknall, Marketing (Control Risks);
  • Chris White, Membership (Jaguar Land Rover / Sardar);
  • Greg Englefield, Legal Affairs (Confluent Law Group);
  • Mike Barry, Treasurer (Edinburgh International and Constellis).

(Source: British Consulate General)

By John Lee.

TruckZone General Trading has been appointed sole distributor for Renault trucks in Iraqi Kurdistan.

The company, a division of CarZone Trading Agencies, is currently also the agent for Nissan throughout Iraq. From its base in Erbil it will have full facilities to handle sales, servicing and parts for the full range of Renault trucks.

Pictured at the signing event on Sunday are:

  • Mr Abdulhamid Al-Hardan, Lawyer from Baghdad
  • Dr Mohsen Raslan, General Manager, TruckZone / CarZone
  • Mr Salar Hasan
  • Mr Lars-Erik Forsbergh, Vice President Middle East Market, Renault Trucks
  • Mr Shamal Aziz, Executive Director, TruckZone/CarZone
  • Mr Bernard Amiel, Business Team Director Iraq, Renault Trucks
  • Mr Hamid Kazemi, Retail Development Director Middle East, Renault Trucks
  • Mr Hannes Nortmann, Assistant General Manager, CarZone / TruckZone
  • Mr Leon Redgard, Sales & Lease Manager, CarZone / TruckZone

Carzone is part of the Sardar Group.

(Source: CarZone)