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جراءة نيوز
Iraq evaluates $150B property sale
The Iraqi government is currently exploring ways to boost its financial resources by selling around 600,000 government-owned properties, including palaces and facilities once owned by former President Saddam Hussein, with a potential value exceeding $150 billion. The purpose of this move is to secure salaries and alleviate the financial crisis the country is facing, as the monthly requirement approaches approximately 8 trillion dinars, with debts reaching up to 100 trillion dinars. The government is encountering difficulties in controlling these assets, with an estimated 20,000 properties being encroach upon, and unclear results from previous sale attempts. Meanwhile, it is expected that property sales will help meet long-term financial needs.
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