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Hanwha expected to Return to Bismayah Housing Project

By John Lee. A new road map has been put in place for the continuation of work on the the giant Bismayah New City project on the outskirts of Baghdad. According to a statement from the National Investment Commission (NIC), South Korean company Hanwha is expected to sign a revised contract in the coming weeks,

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Hanwha Cautious about resuming Bismayah Project

By John Lee. South Korea's Hanwha Group is reported to be "cautious" about resuming the construction at the giant Bismayah New City housing project, southeast of Baghdad. The Korea Times quotes an official at the company as saying that if the Iraqi government completes payment of the money owed to Hanwha, the company, "may resume

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Hanwha cautious about accepting Iraq s request to resume Bismayah project

The Iraqi government has recently asked Hanwha Group to resume the construction of Bismayah New City, southeast of Baghdad, which has been in limbo since the Korean firm decided in October to withdraw from the project, citing the Middle Eastern country s breach of contract, according to industry officials, Tuesday.

Liwa irbilQadissiya muhafadhaMohammed ameenSuha daoud najjarIraq courtesy of hanwha corporationHanwha groupCourtesy of hanwha groupHanwha corporationNational investment commissionHanwha group chairman kim seung younGroup chairman kim seung younBismayah new cityMiddle easternChairman salar mohammed ameenMiddle eastSuha daoud

New Conditions for completion of $-multi-billion Housing Project

By John Lee. The Chairwoman of the National Investment Commission (NIC), Suha Daoud Najjar, has said that the NIC has specified "a number of legal and financial conditions" to proceed with the development of the Bismaya Residential City southeast of Baghdad. She said the NIC is now waiting for a reply from South Korean firm

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Iraq needs 4 million units to overcome housing crisis : Investment chief

Iraq needs 4 million units to overcome housing crisis : Investment chief
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