The role of the industrial city in Sulaymaniyah - Arabat in encouraging domestic and foreign investments

Abstract

It has become a subject of growth and development conditional on the role of the industrial sector, which is place and areas where fundamental services are constituents is the main components to development of the industry. Therefore, the industrial Zone has a significant role in achieving these goals, and especially in attracting domestic and foreign investments. Additionally, this research deals with the study and evaluation of the role of industrial Zone in the Sulaimani governorate by identifying and diagnosing problem and obstacles in the industrial Zone in the Sulaimani governorate, as well as to identify and provide strategies and solutions to overcome these obstacles, and then use them to encourage and attract domestic and foreign investments.

Besides, the most important findings of the study that despite suffering the Sulaimani industrial Zone of lack infrastructure, financial and administrative obstacles for investors (domestic and foreign), but the role of industrial zone of Sulaimani in the exploitation of local resources and job creation relatively high, which is (61%) and (80%), respectively. Thus, it is necessary Kurdistan government (The concerned authorities in the province of Sulaimani) Work on the appropriate economic and trade policies to encourage domestic and foreign investors to set up their projects and invest capitals within the industrial zone of Sulaimani, which is by increasing the incentives and tax breaks, and work to establish a private bank to finance projects within the industrial zone.