Iraq needs 300 years to solve the housing crisis: Minister says

[k98nights]

Iraq needs 300 years to solve the housing crisis: Minister says

PUKmedia 17-10-2011 10:20:31

Muhammad al Darraji, the Iraqi Minister of Housing and Reconstruction , in a press statement said that Iraq needs at least 2.5 million housing units until 2015 according a study carried out by his Ministry in cooperation with the United Nations HABITAT Organization , and according to the financial budget of the Ministry for the year 2011 it will take 300 years to implement these housing units and solve the housing problem in Iraq.

The Minister clarified that the investment environment in Iraq is not encouraging because the government takes 12 % of investment returns from the investor.

http://www.pukmedia.com/english/index.php?option=com_content&view=article&id=10044:iraq-needs-300-years-to-solve-the-housing-crisis-minister-says&catid=25:iraq&Itemid=386

[HYDRANT]

not only the housing---to go along with the housing the need eletric,water and sewer witch is a big money ticket items

[burn_the_village]

300 years? He must be factoring in the Iraqi's work ethic

[GT ACE]

300 years? He must be factoring in the Iraqi's work ethic

And lets not forget how far they have come in the last 4 and a half thousand years!

[lakeliving]

Seems like they need to RV...

[FrankenSLI]

Seems like they need to RV...

I could not agree more.