In his first meeting with Hanwah South Korean Group, NIC Chairman stresses the readiness to recover work in Bismayah new city project in an initiation to grant the executing company a new Investment license
- NIC completes the minutes of meeting of the negotiating committee and is ready to be examined by the Ministrial Committee no. (94) for the year 2022
- Finishing the draft of the annexed new contract of the project
NIC Chairman, Dr. Haidar Makkiya, announced on Thursday 26th of Jan. 2023 the road map of recovering work in Bismayah new city project according to three essential plots that concentrated on documenting the minutes of meeting of the Ministrial committee by the new negotiating committee that was formed in NIC to obtain the needed approvals for renewing the investment license of the project by the committee in charge of studying and modifying investment licenses formed according to the decision no. 94 for the year 2022 and presided by NIC Chairman.
He added during the elaborated meeting with the South Korean side that NIC had also prepared the annexed contract of the project which is hoped to be signed with the company within the forthcoming two or three months.
Regarding the financial settlements, NIC Chairman declared that extensive supporting meetings shall be held next week with the heads of banks of (Rafidain, Rasheed and TBI) in addition to the head of the Private Banks association to reach an agreeable financial agreement that can contribute to moving the project forward.
Head of Hanwah Group, in his turn, assured the South Korean side desire to return hastily to complete the project pledging to study the draft of the new contract financial, legal, and administrational wise ASAP.
He also referred to the preparations made by the company currently to achieve the maintenance works for some of the housing blocs in the project that are ready to be delivered to the beneficiaries and ended by stating that what bring us together is not a mere project but a joint goal and willingness supported by the two governments and a beginning for additional future works for Hanwah group in Iraq.