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Look Towards A New Future

Aug 23, 2012

2012 Kurdistan Projects Market Report

Iraq may remain a difficult place to do business, but the same cannot be said for Kurdistan. The region has been an oasis of stability for several years and has reaped the benefits, with a number of major projects already constructed or planned. For companies looking to expand into new markets, there has never been an opportunity to enter Kurdistan, particularly as a first step to entering federal Iraq. The market is growing and the Kurdistan Regional Government (KRG) is extremely investor-friendly as it looks to attract international investment.

Oil and gas receipts are growing which enables the government to increase expenditure on its projects plans, while there is also the need for substantial infrastructure investment. Thanks to its secure environment, and relatively little competition, Kurdistan is virgin territory for companies looking to expand their business interests.

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Report Details:


Published: August 2012
Price: US$ 4000


The opportunities presented by the market are outlined in the latest report by MEED Insight, the Kurdistan Projects Market 2012 report. Covering more than 90 pages, the report provides a comprehensive assessment of all key sectors and projects.

The premium research report is the first ever report on the projects market in the Kurdish region of Iraq. While federal Iraq has been beset by political and security turmoil over the past decade, the autonomous Kurdistan region has enjoyed a great deal of stability under the KRG. As a result, it is the base for many companies looking to do business in the country and has already received a substantial amount of international investment. As its own oil and gas production increases the KRG is planning a series of major projects across all sectors as it seeks to boost its infrastructure and attract foreign investment.

This report is aimed at all companies who are interested in the many opportunities that are available in the region and/or who are interested in using the region as a base for conducting business in Iraq as a whole.

This report:
  • Is the only report on the Kurdistan projects market
  • Contains unique and exclusive data on sector and market size
  • Highlights the current political situation and gives you access to the ‘doing business overview’
  • Offers you insight into individual project descriptions
Through this report you will be able to:
  • Learn about the multi-billion-dollar pipeline of projects in the Kurdistan region
  • Understand the region’s political and security dynamics
  • Get ahead of the competition with first mover advantage
  • Bypass the pitfalls and challenges that other companies face 
Table of Contents
1. Preface 6
2. Executive summary 7
3. Recent history and politics 9
3.1 Introduction 9
3.2 Recent history 10
3.3 Political structure 11

4. Economy 16
4.1 Overview 16
4.2 Investment 17
4.3 2012 budget 18
4.4 2012-16 regional development plan 19
4.5 Banking and insurance 20
4.6 Stock market 21

5. Doing business 22

6. Projects overview 25

7. Oil & Gas 29
7.1 Upstream oil in the Kurdistan region 29
7.1.1 Production sharing agreements 30
7.1.2 Tawke 31
7.1.3 Taq Taq 31
7.1.4 Khurmala Dome 32
7.1.5 Kurdish discoveries 33
7.2 Upstream gas in the Kurdistan region 36
7.2.1 Khor Mor and Chemchamaal 36
7.2.2 Miran West and Miran East fields 38
7.3 Pipelines 38
7.4 KRG pipeline projects 39
7.4.1 Kurdistan Iraq crude export (KICE) pipeline 39
7.4.2 Shaikan pipeline 40
7.4.3 Kurdistan-Turkey pipeline 41
7.4.4 Nabucco gas pipeline 42
7.5 Downstream oil in the Kurdistan region 43
7.5.1 Erbil refinery 43
7.5.2 Bazian refinery 44
7.5.3 Other refineries 44
7.5.4 Kurdish refinery projects 44
7.5.5 Kurdistan petrochemicals 45

8. Industry 47
8.1 Cement 48
8.2 Steel 49
8.3 Minerals 51
8.4 Industrial zones and cities 51

9. Power 53
9.1 Existing infrastructure 57
9.2 Demand and future capacity additions 58
9.3 Renewable energy 60
9.4 Transmission and distribution 60

10. Water and wastewater 63
10.1 Water sources 63
10.2 Water use 64
10.3 Infrastructure 65
10.3.1 Dams 65
10.3.2 Irrigation 66
10.4 Water sanitation 67
10.5 Other planned projects 67
10.6 Projects on hold 68

11. Construction 69
11.1 Housing 70
11.2 Mixed-use developments 73
11.3 Tourism 74
11.3.1 Hotels 75
11.4 Health 77
11.5 Education 79
11.6 Other major government projects 80
11.7 Stalled and cancelled projects 81
11.8 Foreign contractors 81

12. Transport 84
12.1 Aviation 84
12.1.1 Erbil International airport 84
12.1.2 Sulaimaniyah International airport 85
12.1.3 Dohuk International airport 86
12.1.4 Airlines 86
12.2 Roads 87
12.3 Rail 88

13. Telecoms and IT 90
13.1 Fixed-line telecoms and internet 90
13.2 Mobile telecoms 91
13.3 IT masterplan 93