Hanwha receives $230m Payment for Bismaya

By John Lee.

South Korea's Hanwha Engineering and Construction (E&C) has said it haws received an additional payment of $230 million from the Iraqi government for work carried out in the first half of this year on the Bismayah New City project in Baghdad.

According to the report from Business Korea, the total contract is valued at $10.1 billion, of which Hanwha has so far received a total of $3.47 billion.

The project will see around 100,000 homes built near the capital.

(Source: Business Korea)

One Response to Hanwha receives $230m Payment for Bismaya

  1. Ibn Al Iraq 3rd June 2018 at 10:32 #


    How much of that money went to the corrupted officials and Mr. Fix it ( M. Wajeeh )!!