Economic development is crucial for improving the standard of living in Kurdistan. By focusing on economic growth, Bawar aims to create jobs, reduce poverty, and ensure a prosperous future for all citizens. A strong economy also strengthens Kurdistan's political stability and resilience.
Bawar plans to support local businesses by offering financial incentives such as tax breaks, grants, and low-interest loans. He also aims to reduce bureaucratic obstacles, establish business incubators, and promote local products to boost the growth and sustainability of small and medium-sized enterprises (SMEs).
To attract foreign investment, Bawar proposes creating a business-friendly environment with simplified regulations, a one-stop-shop for administrative procedures, and legal guarantees for investor protection. He will also target strategic sectors like energy, technology, tourism, and infrastructure to attract investment that can significantly boost the economy.
