Iraq to sell Saddam's Properties?

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)

One Response to Iraq to sell Saddam's Properties?

  1. Louie 5th February 2016 at 21:06 #

    I have just one objection of naming some palaces as Saddam's Palaces.
    These palaces were built by Saddam and not for Saddam. The evidence is there, none of the Palaces were registered to Saddam's name or to his family immediate or distant.
    These palaces are fortune left for the country and the people of the country. They should be museums, tourist attractions (like Taj Mahal or the British / European Palaces).

    Many thanks.