Hanwha’s Iraqi city project creates jobs, helps small firms
Jul 15, 2013
In March last year, Iraq’s state-run National Investment Commission announced the National Housing Program, a plan to build 1 million homes as part of efforts to rebuild the country. Under the plan, the Iraqi government launched a scheme to build a new town in Bismayah and Korea’s Hanwha Engineering & Construction Co. won the project. The company signed the $8 billion contract with the Iraqi government to build 100,000 residential units in Bismayah, which is to become the largest satellite town