There are few places in Iraq where a famous French retailer would feel comfortable opening an outlet, but Arbil, the capital of the semi-autonomous northern Kurdistan region, isn’t exactly like the rest of the country. The hypermarket chain Carrefour is soon to unveil its first Iraqi location in Arbil under licence to a Dubai-based company.
Stable, ruggedly beautiful and largely self-governed, Kurdistan is a commercial gateway to Iraq, and a strategic crossroads. Attractive investment laws have fuelled over $3.6bn (€2.6bn) in foreign investment since August 2008.
Officials are to trim a bloated public sector that employs nearly one-quarter of the region’s 4.8 million residents. Kurdistan has recently muted talk of secession; in last autumn’s negotiations over a new government in Baghdad, Kurdish politicians backed the eventual prime minister, Nouri al-Maliki, at just the right moment and retained the key posts of president and foreign minister.