UK Export Finance aims to help Kurdistan en route to development

  • Monday, 17 Mar 2014

Erbil, Kurdistan Region, Iraq - (DFR.krg.org) – A delegation from the UK Export Finance Department visited the DFR to discuss opportunities for building further relations with Kurdistan in various fields of infrastructure and investment.

The UK delegation was led by Steve Dodgson, the Business Group Director of UK Export Finance and included the British Consul General, Hugh Evans and a team of UK Export Finance which included Mr. Paul Radford, Mr. Max Griffen, and Mr. Tahir Ahmed. The Assistant Head of the DFR, Siham Jabali and other senior DFR officials also attended the meeting.

Mr. Dodgson expressed UK Export Finance’s willingness to start their activities in the Kurdistan Region and stated that Kurdistan will be a new market for them. He added that this visit is a fact finding mission which should provide them with a better understanding of Kurdistan and the way it operates.

The Head of the DFR, Minister Falah Mustafa, highlighted the importance of foreign investment and in ensuring the continued development of Kurdistan. He reiterated that the United Kingdom was Kurdistan’s partner of choice and hoped that UK Export Finance Department would find suitable opportunities here in Kurdistan.

Speaking about the KRG’s shift towards seeking quality over quantity, Minister Mustafa said, ‘We want to provide our people with the best services and UK Export Finance can play a significant role in assuring that companies succeed in their mission in Kurdistan.’

Minister Mustafa highlighted that the KRG has prioritized three sectors for development which are agriculture, industry and tourism, in addition to the importance of building up the energy and infrastructure sectors.

Finally, they discussed the importance of the environment and both sides agreed that in order to create a long term and successful infrastructure, the environment needed to be preserved.

Commenting on the visit, the British Consul General said, ‘The fact that this is a senior delegation visiting from the UK Export Finance Department underscores the level of commitment from the UK towards enhancing relations with Kurdistan.’

The UK Export Finance is an export credit agency, helping exporters and investors by providing credit insurance policies, political risk insurance on overseas investments and guarantees on bank loans.

During their visit to Kurdistan, Mr. Dodgson and his accompanying delegation met with a number of KRG officials to set the groundwork for future cooperation. 

 

 

 

 

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