Economy News – Baghdad
Amir Al-Maamouri, a member of the Parliamentary State Real Estate Committee, announced that the committee has successfully completed its tasks and is set to present its initial report in the forthcoming parliamentary sessions. The report highlights numerous legislative and executive violations and observations.
In an interview, Al-Maamouri indicated that “the abuse of state real estate has become alarming, with losses exceeding 40 trillion dinars since 2003.” He emphasized that “the rate of such abuses is consistently increasing.”
He added, “The committee has been proactive in addressing these real estate issues, investigating the reasons for their encroachment, and examining the sale of properties at undervalued prices, which has led to significant financial losses for the Iraqi government.”
Al-Maamouri also disclosed that “there have been instances of manipulation and forgery in government real estate sales. For example, properties valued at over 20 billion dinars have been sold for as little as 500 million dinars, and others worth five billion dinars were sold for only 100 million.”
He underscored that “these abuses represent a blatant violation of the state’s rights to its properties,” calling for a cessation of arbitrary sales of state-owned real estate and the implementation of stringent measures to protect these assets.
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