Kurdish firm Karuk Group pivots its Iraq plans after war erupts | The National

Kurdish firm Karuk Group pivots its Iraq plans after war erupts | The National:



"On a bright spring day last month, the Faruk Group chief executive, Hawre Daro, sat at the end of a huge glass table in a flashy fifth-floor boardroom and talked of his company’s – and his own – big plans for the future in a wealthy, stable and largely safe Iraqi Kurdistan.



At Faruk’s headquarters in the south-east Kurdish city of Sulaymaniyah, Mr Daro spoke of new cement factories and outlined future plans for the telecoms giant Asiacell. He discussed a US$2 billion tourism project at Dukan Lake. But mainly, he talked of Iraqi Kurdistan and the role that Faruk, one of its biggest companies, will play in it.



Then he said something that, mere weeks later, was to prove apt: “This is a very difficult country to predict.”"



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