Asoz Rashid, CEO of iQ speaks with Teletimes
Teletimes. How is iQ contributing to the digitization of the Iraqi economy, and what impact is this having on the society?
Asoz Rashid. As the country starts a new chapter of development led by digital technologies, iQ is spearheading the country’s transformation into a thriving tech hub that rivals the progress seen in neighboring countries.
With a robust network infrastructure and lightning-fast fiber-optic speeds, iQ is playing a crucial role in digitizing the Iraqi economy and local government agencies with its cutting-edge technologies and platforms. By streamlining processes, improving efficiency, and enhancing service accessibility, iQ is revolutionizing how Iraq operates economically and administratively. This digital transformation brings transparency, accountability, and inclusivity, leading to enhanced services for Iraqi society. iQ is also actively expanding its business interests and investing in diverse industries to drive technological innovation, sustainability, and the growth of the private sector.
TT. Can you tell us more about iQ’s development of 360 fintech systems and how these advancements benefit the Iraqi population?
AR. iQ’s development of a 360 fintech system represents a significant leap forward in financial technology for Iraq. Such advancements benefit the population by expanding financial inclusion, enhancing security, and facilitating convenient access to banking services.
Through the integration of modern technology, iQ is empowering individuals and businesses to thrive in a rapidly evolving digital economy while driving growth and financial stability.
Through the integration of modern technology, iQ is empowering individuals and businesses to thrive in a rapidly evolving digital economy while driving growth and financial stability. The essence of iQ’s initiatives lies in cultivating Iraq’s digital footprint and facilitating the seamless alignment between digitizing the economy and the engagement of governmental agencies with the public.
Having worked firsthand with financial platforms and fintech solutions in the UK and navigating the FCA’s regulations, I’ve seen the positive developments financial inclusion can have on people. It’s this direct experience with fintech platforms that has influenced iQ’s fintech system and is putting us on a great path to replicate the success achieved in the UK.
TT. What role does iQ play in promoting renewable energy in Iraq, particularly through the construction of a 100MW solar plant and its future plans for additional plants?
AR. iQ is playing a pivotal role in advancing the adoption of renewable energy in Iraq, with significant efforts currently focused on the construction of a 100MW solar plant. The company’s strategies include ambitious plans to construct more solar plants in the future. By investing in sustainable energy infrastructure, iQ is not only reducing the country’s dependence on traditional fossil fuels but also working towards a cleaner and more sustainable energy landscape. This initiative positions the company as a leading innovator in renewable energy within the nation. iQ is thrilled about the ongoing progress of various projects and looks forward to unveiling these developments to the global community as they come to fruition.
TT. What are some of the challenges iQ has faced in spearheading the Silk Route Transit project, and how has the company overcome them to create a valuable infrastructure for Iraq and its neighboring countries?
AR. The Silk Route Transit presented iQ with various challenges, including complex logistical issues, regulatory hurdles, and geopolitical considerations. This is not to mention the unrest with ISIS and the damage it has caused to the economy and sectarian divisions. However, through strategic planning, collaboration with key stakeholders, and unwavering determination, iQ successfully navigated these obstacles to create a valuable network infrastructure that connects Iraq with its neighboring countries and provides the path of least resistance between Europe and Asia. By overcoming these challenges, iQ has established a robust and reliable transport corridor that fosters regional cooperation, and enhances economic integration across borders.
iQ envisions Iraq’s role as a vital transit hub and bridge between Europe and Asia through the Silk Route project, unlocking a wealth of opportunities for the country’s economic growth and development.
TT. How does iQ envision Iraq’s role as a transit hub and bridge between Europe and Asia through the Silk Route project, and what opportunities does this present for the country’s economic growth and development?
AR. iQ envisions Iraq’s role as a vital transit hub and bridge between Europe and Asia through the Silk Route project, unlocking a wealth of opportunities for the country’s economic growth and development. By connecting major trade routes and facilitating efficient transportation of data and services, iQ is positioning Iraq as a strategic gateway for regional commerce and international data transmission. This ambitious undertaking not only enhances Iraq’s economic potential but also promotes cross-border cooperation, and technological development along the historic Silk Route.
