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Basra to be the Next Hong Kong?

1117 Views 12 Replies 5 Participants Last post by  baghdad_sara
Posted on 12 October 2010. Tags: Basra, Hong Kong
Basra to be the Next Hong Kong?

The Vice President of the Basra provincial council said on Friday that the visit of the U.S Deputy Defense Secretary to Iraq came to discuss the issue of attracting the foreign companies to work in Basra, according to a report from AKnews.

“An extended meeting between the U.S Deputy Defense Secretary and a number of members of the provincial council was held to discuss projects that could be implemented by foreign companies to improve the situation in Basra province in record time,” said Ahmed al-Sulaiti.

“The geographical position of Basra province qualifies it to be similar to economically developed countries such as Dubai, especially after it attracted a number of foreign companies, in particular those from Turkey, and promises to changing Basra completely.”

Sulaiti quoted the American official as saying that “The American companies could transform Basra to a city similar to Hong Kong because it has a lot of special aspects that are not found in other Iraqi provinces, but on the condition that all possible efforts should be done to achieve that…. The priorities of these projects are construction of roads and buildings and the improvement and maintenance of the infrastructure of the province.”
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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!").
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^^Why Saudi Arabia??, i have always viewed that as a more sensible UAE
Saudi's much better economically than "dubai" (not UAE). It has absolutely enormous local industries in all fields.

Dubai has a dozen shopping malls and some hotels... and lots of real estate condos built for foreign money launderers. its not a real economy!

of course for iraq, a hybrid of Turkey and Saudi economic development is ok.

We should rely on local labour rather than imported like turkey
we should use all our oil money for development and not for "current account" budget by the bloated bureaucracy.
Put up barriers to protect local iraqi producers from imports for 10 years to allow them to catch up to world standards
Change Iraq's governmetn to a standardisation body to maintain standards in industry, commerce, construction, manufacturing, farming etc...
Focus on developing iraq's "strength industries" as opposed to trying to be a "jack of all trades" or "self sufficient in everything even if we can't do it well or compete"

not rocket science really. But not dubai either, which is just so so wrong.
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Why aren't you a politician?
i am neither a thief nor a retard.
More the reason to become one.

and so how many seats did Mithal Alusi get?

Iraqis prefer thieves and retards!
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