eeh balla.
the provincial head of ramadi talks about making it into "another dubai"
the KRG heads talk of making erbil into a new "dubai"
basra local authority talk about becoming a "dubai" or even a "hong kong"
fanciful dreams.
firstly behind the glitter of dubai, there is debt, international money laundering, 90% of projects incompleted, no sewages (in this instance basra is already BETTER than dubai), debt, more debt, unrepayable debt, bankruptcy... and in case i forgot to mention, debt.
secondly in iraq we have very very different economic, social, geographical as well as credit-worthiness variables compared to both dubai and hong-kong. we are simply incomparable.
something comparable to iraq, and a good model, would be Turkey or even saudi arabia.
Dubai's load up on debt, and use "real estate" as a cover for money washing is just ludicrous. And unfortunately, coming from the mouths of these officials, it illustrates amply what is the depth of retardation of the people in control... "glitter monkeys" (i.e. people who are so backward that they are immediately sold on the idea that dubai is the greatest model for development based on a few days they spent in its hotels and malls and "big towers!").
the provincial head of ramadi talks about making it into "another dubai"
the KRG heads talk of making erbil into a new "dubai"
basra local authority talk about becoming a "dubai" or even a "hong kong"
fanciful dreams.
firstly behind the glitter of dubai, there is debt, international money laundering, 90% of projects incompleted, no sewages (in this instance basra is already BETTER than dubai), debt, more debt, unrepayable debt, bankruptcy... and in case i forgot to mention, debt.
secondly in iraq we have very very different economic, social, geographical as well as credit-worthiness variables compared to both dubai and hong-kong. we are simply incomparable.
something comparable to iraq, and a good model, would be Turkey or even saudi arabia.
Dubai's load up on debt, and use "real estate" as a cover for money washing is just ludicrous. And unfortunately, coming from the mouths of these officials, it illustrates amply what is the depth of retardation of the people in control... "glitter monkeys" (i.e. people who are so backward that they are immediately sold on the idea that dubai is the greatest model for development based on a few days they spent in its hotels and malls and "big towers!").
