Continuous attempts to overcome disputes with S. Korean Hanwha Company

NIC Chairman meets with a delegation from the Parliamentary Investment and Development Committee

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Yesterday,  Monday,  Chairman of the National Investment Commission, Mr. Salar Muhammad Ameen, met a delegation from the Parliamentary Investment and Development Committee, headed by the eldest Representative Vian Abdel Aziz, and a number of committee members.

At the beginning of the meeting, the Chairman reviewed the course of discussions between NIC and the South Korean Hanwha Company, which is building Bismayah City residential project, explaining NIC legal and financial point of view on the project and the true desire of the government represented by NIC to resume work on the project in line with the increasing demand.

Chairman of the Committee welcomed the Commission’s attitude in support of NIC efforts to escalates the project’s work to reach its full design capacity of (100) thousand housing units as one of the most prominent large and strategic housing projects in Iraq and represents decent and suitable housing opportunities for people with medium and limited incomes.

Both emphasized the importance of expediting a new round of talks between NIC and Hanwha Company to overcome the obstacles facing the completion of the project.

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Department of Relations and Media in the National Investment Commission

6 – December – 2022