Foreign Direct Investment and its Impact on Development of the Tourism Sector in Kurdistan Region – Iraq

Abstract

Countries seek to attract foreign investment because of the benefits that expect and the positive effects which these investments can have on their economies. However, these investments are looking for a safe of investment environment to work in their conditions of economic safety and legislation and regulations that would facilitate their work freely without restrictions or government control; as well as, the security and political stability, which is a prerequisite for directing these investments to a certain economy. This is clearly in the Kurdistan Region - Iraq. Thus, given the importance of the tourism sector in the economies of most countries and its clear role in economic and social development, many countries have given their attention to tourism investment, which is an important source of their economic resources. Developing countries have started developing plans and strategies based on field scientific studies and theory for the development of the tourism sector and development. This is so that this sector is the cornerstone of the pyramid interest of the power in most developed countries and territories including the Kurdistan Region of Iraq. Where, the territory occupies an important place through its geographical location and its potential tourism in different directions and diversity of tourism characteristics. Based on the above, the selection of foreign direct investment and its impact on the development of the tourism sector in the Kurdistan Region - Iraq has been the subject of research. This aimed in identifying the reality of direct investment in Kurdistan Region and its impact on the development of the tourism sector. Thus, identifying the most important challenges facing, it so that it can make a number of proposals which contribute to addressing these challenges.