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Politics 2012: Ron Paul strategy keeps things interesting
ERBIL, Iraq, June 27 (UPI) -- Residents of the Kurdish region in Iraq have enjoyed political stability recently and have begun taking steps to improve their economic situation.
The New York Times said Wednesday that while much of Iraq has been devastated by regional violence, the Kurdish region has persevered and its regional government has put $325 million toward updating its international airport in Erbil.
The investment is an attempt by officials to build upon the massive economic growth that the Kurdish region has enjoyed during the last four years.
Since last August alone, Kurdish officials have approved development projects, mostly private in nature, whose value is more than $4 billion.
Officials said most of those projects and similar investments come from the United States, Europe, Turkey, Iran and countries in the Persian Gulf.
The Times said the Kurdish area's growth inside the troubled nation's borders has been largely thanks to the region's de facto autonomy the new Iraqi Constitution helped formalize.
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