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Established in 2006 as a Community of Reality

Welcome to the Neno's Place!

Neno's Place Established in 2006 as a Community of Reality


Neno

I can be reached by phone or text 8am-7pm cst 972-768-9772 or, once joining the board I can be reached by a (PM) Private Message.

Established in 2006 as a Community of Reality

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Established in 2006 as a Community of Reality

Many Topics Including The Oldest Dinar Community. Copyright © 2006-2020


    "Investing Iraq's money in America" ​​.. a former candidate for prime minister presents a detailed p

    Rocky
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    "Investing Iraq's money in America" ​​.. a former candidate for prime minister presents a detailed p Empty "Investing Iraq's money in America" ​​.. a former candidate for prime minister presents a detailed p

    Post by Rocky Wed 12 Oct 2022, 5:19 am

    "Investing Iraq's money in America" ​​.. a former candidate for prime minister presents a detailed project to end the housing crisis

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    Economy News-Baghdad
    The former candidate for prime minister, Muhammad Tawfiq Allawi, presented the details of a project plan to end the housing crisis in Iraq, by building two million housing units within six years at a cost of $25 billion.
    Allawi said in a post on his Facebook page that "there is a great lack of adequate housing, many citizens live in slums and houses in a miserable and tragic condition, at the beginning we need a well-thought-out housing plan and we need people who are able to turn this plan into reality."
    With regard to housing projects, Allawi explained that Iraq "needs at least two million housing units distributed over twenty cities or residential complexes in all governorates of Iraq, in each complex of up to one hundred thousand housing units, half of which are distributed as lands and the other half as built housing units."
    He suggested that "the project will be in several stages. It is possible to implement the project in four stages, each stage for half a million housing units, half of which are land and half are built units. Each stage takes a year and a half, which means providing two million housing units within a period of six years."
    And he set the cost of the project “up to twenty-five billion dollars, according to semi-detailed preliminary studies of two million housing units. Martyrs and poor families.
    As for the method of financing the project, Allawi said, "We have funds from the central bank reserves deposited in the US Federal Bank, which can easily be converted into assets inside Iraq, which are residential homes on the internationally recognized basis (Mortgage), and this does not affect at all on the reserve, where the reserve is either deposited money. Or assets on the ground that pay their full values ​​within limited periods of time, and this is exactly what developed countries do with the reserves of their central banks, but unfortunately there is a high degree of ignorance inside Iraq so that they do not know or understand these facts.”
    He pointed out that "the Iraqi budget resources have increased due to the rise in oil prices, but we may not need money from the budget as we can think of the Chinese agreement to establish infrastructure, so we can initially rely on the Chinese agreement with the Belt and Road Initiative for infrastructure because there was an agreement with the government of Adel Abdul Al-Mahdi set a minimum limit for this agreement to give a loan of ten billion dollars to the reconstruction by Chinese companies, and the upper limit was to give a loan of thirty billion dollars to the reconstruction, and I think we must move towards the upper limit to obtain a loan of thirty billion dollars.
    He pointed out that "not all of the thirty billion dollars will be used for housing, but we can assume for the sake of argument that we will allocate $10 billion for housing, and this amount covers the cost of all infrastructure for two million housing units."
    He cautioned that "the establishment of this project does not mean that we will provide two million housing units only, but this will provide opportunities for the work of very large numbers of engineers and professionals in different sectors, and most importantly, such a project will provide opportunities for the establishment of many construction industries, such as cement factories. Glass and aluminum factories, iron and steel factories, ceramics factories, mosaics and bathroom furniture, electrical wires factories, electrical installations and lighting, and many other industries that will bring about a great renaissance in the country and provide job opportunities for millions, and I think that the need will exceed the number of qualified engineers, professionals and others.”
    He pointed out that "this project can be shortened by eliminating the problem of housing and slums during a period of six years and creating a real and major renaissance in the country and creating job opportunities for millions of the unemployed without assigning the state budget to one dollar. It was preceded by governments in which many corrupt and incompetent ministers work for their personal interests and the interests of their political parties. In this case, we will not be able to establish such promising projects and we cannot achieve a real renaissance in the country.”

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    Added 10/12/2022 - 9:03 AM
    Update 10/12/2022 - 1:17 PM


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