Iraq Builds $315 Billion Project Book as Delays and Cancellations Hit Middle East Construction
Iraq Builds $315 Billion Project Book as Delays and Cancellations Hit Middle East Construction
JOHANNESBURG--April 24, 2012--Written by Richard Finlayson, Senior International Editor for Industrial Info (Sugar Land, Texas)--Iraq has now taken third position for new construction projects in the Middle East-North Africa (MENA) region, with about $315 billion in projects on the way as the country tackles the challenge of rebuilding its economy and industry. The country also is showing signs of spending across segments, which could mean more opportunities for contractors.
Fiat Money-Currency that a government has declared to be legal tender, despite the fact that it has no intrinsic value and is not backed by reserves. fiat money is based solely on faith. Most of the world's paper money is fiat money. .
