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dreams of Babylon rising
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now this is something I remember vaguely from many years ago and turned out to be a scam? cant seem to remember if we have a thread for it here somewhere.
 

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dreams of Babylon rising
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13,685 Posts
اريد أصدق بس كبيرة
 

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I don't understand. Why are such projects hard to realise in Iraq ?
it is not impossible to be done , but usually it doesn't go through because of the many problems iraq has.

1. no proper banks to fund such projects

2. too risky for the investor to spend that much money in an unsafe country, specially when every while some guy from the parliament say that they wanna make a new government... etc

3. there are no proper contractor and sub contractors to make such projects come true

4. no proper electricity

5. corruption

6. no guarantees

7. many iraqi business men who have that much money got used to live outside iraq and they think that iraq is hopless and they don't want to come back.

it could happen , but it needs some time , when it get easier for investors, we might see dozens of these projects being built in iraq at the same time
 

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3,178 Posts
it is not impossible to be done , but usually it doesn't go through because of the many problems iraq has.

1. no proper banks to fund such projects

2. too risky for the investor to spend that much money in an unsafe country, specially when every while some guy from the parliament say that they wanna make a new government... etc

3. there are no proper contractor and sub contractors to make such projects come true

4. no proper electricity

5. corruption

6. no guarantees

7. many iraqi business men who have that much money got used to live outside iraq and they think that iraq is hopless and they don't want to come back.

it could happen , but it needs some time , when it get easier for investors, we might see dozens of these projects being built in iraq at the same time
Thanks for the explanation :)
 
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