May 4, 2008

عاصمة الرشيد

Forget the rocket attacks, concrete blast walls and lack of a sewer system. Now try to imagine luxury hotels, a shopping center and even condos in the heart of Baghdad.
It's all part of a five-year development "dream list" — or what some dub an improbable fantasy — to transform the U.S.-protected Green Zone from a walled fortress into a centerpiece for Baghdad's future.
But the $5 billion plan has the backing of the Pentagon and apparently the interest of some deep pockets in the world of international hotels and development, the lead military liaison for the project told The Associated Press.
Land that a few years ago was going for $60 a square meter on 50-year leases in the zone is now going for up to $1,000 a square meter, American officials say.

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