NIC Releases $111m to Hanwha for Bismayah Housing Units
The National Investment Commission released a payment of $111 million to the South Korean contractor Hanwha. This money is for residential units completed at the Bismayah housing project in Baghdad. The payment represents the first installment for 8,280 finished units. The funds were released after all necessary legal and documentary procedures were finished.
By John Lee. A payment of $111 million has been released to South Korean contractor Hanwha for completed residential units at the Bismayah housing project in Baghdad. The National Investment Commission (NIC) announced the release of the first instalment, covering 8,280 completed units, following the completion of all required legal and documentary procedures. The payment […] The post NIC Releases $111m to Hanwha for Bismayah Housing Units first appeared on Iraq Business News .