In this Kurdistan Region of Iraq coverage, we put a spotlight on the Real Estate, Human Capital, ICT, and Agriculture & Water. We also talk to the leading companies on their success stories, future projects and doing business in Kurdistan.
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With the vision to be the best provider of warehousing for the international oil and gas companies in Iraqi Kurdistan, Falcon Oil and Gas has expanded into warehousing niche.
Imran Khan, Director of Falcon Oil and Gas services says “in warehousing as I mentioned before, we have our own piece of land that is more than 2 million square metres. We would like to develop over the next 6 months to be able to support all the activities in the warehousing and yard sector.”
“ There is a huge demand, there is a location that has been set up for the past 4 or 5 years and that location cannot contain the boom. We believe that it will be a good business opportunity for us and that we will have the opportunity to build a world class yard and provide world class warehousing services. Along with that we also want to support different logistics services. If we are supplying OCTG for example, the same companies who are buying that piping and casing could purchase storage services from us also. There are a lot of different opportunities that we can develop.” He adds.
He sees that Falcon Oil and Gas services can offer the best services because, as he says “the biggest advantage that we have is the huge piece of land that we own which means we don’t have to rent from anyone. That land can serve different companies for the next 15 to 20 years. Companies can expand there. Most of the time when companies rent warehousing or yard space, the warehousing companies have limited space available. Therefore if you are a company looking for space, you won’t get less than 5,000m2 but if you want to expand you might not be able to do so in the same location because the warehouse company doesn’t have enough space and you end up with two or three locations for you material. We on the other hand want to integrate everything into one location and offer the choice of expanding in the same location for many years to come. Also, our warehouse is outside of the city limits. Logistically it makes sense not to have all these big trucks in the city limits. It makes more sense to bypass the city, so that if you are coming from Turkey or from different borders you can just come straight to Kurdistan, take the 120m road and go to our yard without wasting hours stuck in traffic. The most important thing is the possibility of expanding. We have world class, experienced staff and we want to build quality warehouses and provide services that are as good as those that any international company might provide.”