By John Lee.
The Iraqi government is reportedly considering the sale of more than 600,000 state-owned properties, including around 1,000 that formerly belonged to Saddam Hussein.
The sale could potentially yield $150 billion, helping to bolster the country’s finances as it struggles to cope with lower oil prices.
But according to a report from The Times of Israel, the parliamentary financial committee is still weighing up the plan amid fears that it would allow influential figures to gain possession of huge swathes of former state property at discount prices.
Shiite cleric Muqtada al-Sadr has also opposed the move, saying that Saddam’s palaces “belong to the people, and should be turned into museums instead of being sold.”
(Source: The Times of Israel)
(Picture: Al Faw Palace)