the Sugar Conspiracy

Tuesday, May 06, 2008

Disneyland Baghdad: Just what the Iraqis need

Mr Werner, chairman of C3, a Los Angeles-based holding company for private equity firms, is pouring millions of dollars into developing the Baghdad Zoo and Entertainment Experience, a massive American-style amusement park that will feature a skateboard park, rides, a concert theatre and a museum. It is being designed by the firm that developed Disneyland. “The people need this kind of positive influence. It’s going to have a huge psychological impact,” Mr Werner said.

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The project will cost $500 million (£250 million) and will be managed by Iraqis. Under the terms of the lease, Mr Werner will retain exclusive rights to housing and hotel developments, which he says will be both culturally sensitive and enormously profitable. “I wouldn’t be doing this if I wasn’t making money,” he said. “I also have this wonderful sense that we’re doing the right thing – we’re going to employ thousands of Iraqis. But mostly everything here is for profit.”

Article here (and surprisingly not from The Onion).

posted by chris at 1:21 PM
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