Hanwha E&C to withdraw from Iraq’s Bismayah housing project
Hanwha Engineering & Construction plans to withdraw from Iraq’s nearly $10 billion Bismayah residential development and terminate its Iraqi workforce, citing prolonged delays in payments by the National Investment Commission (NIC).
South Korea’s Hanwha Engineering & Construction (Hanwha E&C) plans to withdraw from Iraq’s nearly $10 billion Bismayah residential development and end its Iraqi workforce, citing prolonged payment delays by the National Investment Commission (NIC). from the source.