Hanwha Wins $2bn Iraq Order

By John Lee.

South Korea’s Hanwha Group has reportedly won a $2.12-billion (2.5-trillion-Iraqi-dinar) order to build the social infrastructure for Bismayah New City.

According to Yonhap News Agency, the agreement was signed with Iraq’s National Investment Commission (NIC) on Monday.

The Group is currently building 100,000 homes at the project, which are due for completion by 2019.

(Source: Yonhap, Reuters)

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