Revista Internacional de Economía y Ciencias de la Gestión

The Economic Crisis in Kurdistan Region and its Impact on Foreign Investment

Abstract

Sabah Noori Abbas Al-Mihya

The Foreign investment is considered one of the paramount of contemporary world for its different advantages in all aspects of life. Therefore, many developing countries tried to make radical improvements in economic administration and introduce legislations, which encourage and attract foreign investment. Tourism has a distinguish position in investment strategies, especially in developing as an activity which has cultural, social and economic effects. Therefore, many countries considered developing this activity by facility the process of foreign investment. Due to the fact, Iraqi Kurdistan Region is enjoying considerable security stability since the nineties of the last century. Add to this the decisions enacted by the local governments among which law, enactment and removing the difficulties that hinder their work in order to attract the foreign capitals, the private sector in particular. This is enhanced by the availability of the tourist, natural historical and religious capacities of attracting and increasing the investments.