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 […]
Korea reaffirms its commitment to stabilization in Iraq with a new contribution The Republic of Korea has made a new contribution of US$450,000 to the United Nations Development Programme (UNDP) Iraq's Funding Facility for Stabilization (FFS), which supports stabilization, durable solutions, and the safe return of internally displaced Iraqis in the five governorates liberated from […]
By John Lee. South Korea's Hanwha Engineering & Construction has reportedly abandoned construction at the giant Bismayah New City housing project near Baghdad. According to Korea Economic Daily, the decision was made having failed to receive payments for years from the Iraqi government. It says the company expects losses of up to $581 million if […]
By John Lee. The Secretary-General of the Council of Ministers, Dr. Hamid Naim Al-Ghazi, met on Wednesday the French Ambassador to Iraq, Mr. Eric Chevalier. Dr. Al-Ghazi stressed the Iraqi government's interest in the Baghdad Elevated Train (BET) project, which he said is of vital and strategic importance. Mr. Chevalier also expressed the French government's […]
By John Lee. The Chairwoman of the National Investment Commission (NIC), Suha Daoud Najjar, has said that the NIC has specified "a number of legal and financial conditions" to proceed with the development of the Bismaya Residential City southeast of Baghdad. She said the NIC is now waiting for a reply from South Korean firm […]
UN-Habitat Iraq receives generous support from Korea International Cooperation Agency (KOICA) to promote peace and stability by facilitating sustainable returns UN-Habitat Iraq welcomes the contribution of USD 6 million from the Korean Government through the Korea International Cooperation Agency office in Iraq. Today, during his visit to UN-Habitat Office, Mr. Cho Hyeong Lae, Country Director, […]
By John Lee. The Turkish-based private jet charter company AirSada has won a second contract to supply medical evacuation (medevac) services, this time to South Korea's Hyundai Engineering and Construction in Iraq. The contract with AirSada, which runs to September 2025, includes air ambulance and medical treatment services. It was signed by Mr Tolga Urcu, […]
By John Lee. The Chairwoman of the National Investment Commission (NIC), Suha Daoud Najjar, has received approval from Iraq's Council of Ministers to hire an international law and an international auditing firm to investigate previous contracts at the Bismaya Residential City. According to a statement from the NIC, the firms will "propose a financial model, […]
The Republic of Korea has contributed an additional US$ 3 million to UNDP's flagship programme the Funding Facility for Stabilization (FFS), which has been implementing critical initiatives to stabilize areas liberated from the Islamic State of Iraq and the Levant (ISIL). This is Korea's seventh contribution to the FFS since 2015, bringing its total contribution […]
By John Lee. Korea Aerospace Industries (KAI) has announced a contract worth $360 million from the Iraqi Air Force. Under the deal, KAI will provide logistics support, education and training for the T-50IQ aircraft over a three-year period, starting January 2022. The T-50IQ Fighting Eagle light fighter and trainer aircraft is the Iraqi Air Force […]
The Republic of Korea supports vulnerable families in Iraq to put food on the table The United Nations World Food Programme (WFP) has received a US$1 million contribution from the Republic of Korea to support WFP's food assistance for up to 327,000 internally displaced people (IDPs) and Syrian refugees until the end of the year, […]
By John Lee. The Iraqi cabinet has agreed to the authorization of a contract with a consortium of companies for a major seawater desalination project in Basra. A statement from the cabinet named the companies as Samsung, Makinasinayi (sic), Biwater, Wood Group and Al-Rida Group. The work will be based on a study submitted by […]
