Economic and social impacts of channeling investments towards development areas Low Humanity Case Study of Zalam Factories in Huraman Region - Kurdistan Region

The investment is one of the most important channels used by the states for the promote economic development.Investment is a crucially important for many states in developing regions, thereby contributing directly and indirectly ofproviding the region's opportunities for new employment, and that leads to the development of skills of workers from thearea, especially if the investment is based on modern technology as well as is influential in economic and social aspectsdirectly. Furthermore, this activity creates a forehand and background linkages between economic sectors, as well ascontribute increase in benefit indirectly.In this sense, the government's role is clear in directing and allocating those investments to the leastdeveloped areas in order to achieve economic and human development through follow distributional policies investmentswhich is prepared by the Investment Authority. The empirical result shows that Project (Subject of the study) have a positive contribution to the nationalincome and add-Value of gross product by (10.323) and (12.154) million dollars a year, respectively. This study alsofound that investment had a positive effect on Job creation and providing 119 jobs for local residents. Lastly, TheKurdistan region government should adopt a comprehensive plan and provide essential services to encourage localinvestors in the less developed regions and impose conditions on the investment in order to give job opportunities to thelocal residents, which are contributes to the economic and human development.