Contract follows 2012 development deal
South Koreas Hanwha Engineering & Construction has been awarded a $2.12bn contract for the construction of infrastructure at the Bismayah New City project.
Social infrastructure for the new city including over 300 schools and hospitals, together with police stations, fire stations, roads and water and sewage systems.
Hanwha Group secured the $8bn contract to develop Bismayah New City Project from the government of Iraq in 2012. It involves the construction of 100,000 residential units covering an area of 18.3 square kilometres.
When completed in 2019 it is expected to house over 600,000 residents.
You might also like...
Saudi Arabia's Roshn launches Aldanah Dhahran project
25 April 2024
Adnoc sees project spending uptick
25 April 2024
Partanna and Saudi firm tests carbon negative concrete
25 April 2024
A MEED Subscription...
Subscribe or upgrade your current MEED.com package to support your strategic planning with the MENA region’s best source of business information. Proceed to our online shop below to find out more about the features in each package.