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Home Overview History

History of Challenge

  • 201303
    2013. 3
    The construction of a base camp for the Bismayah New City, in which 26,000 workers can reside at the same time, is underway according to schedule.
    Hanwha E&C’s entire business unit moved in to this base camp.
  • 201303
    2013. 1
    Dr. Sami R. Al-Araji, the chairman of NIC, held a press conference on his visit to Korea to introduce the progress of Bismayah New City construction and propose that Korean companies invest and take part in additional reconstruction projects
  • 201303
    2012. 11
    BNCP Sales Center, at Baghdad International Fair - Hall 18 in Al Mansour, opened and started to sale
  • 201303
    2012. 9
    Hanwha E&C received 775 million dollars, 10% of the total construction fee of 7.75 billion dollars, as an advanced payment for BNCP from the Iraqi Government.
    Hanwha E&C constructed an Initial Camp in the BNCP site’s center and began to deliver actual results.
  • 201303
    2012. 7
    Iraqi Prime Minister and Hanwha Group chairman held a meeting in Baghdad to discuss business opportunities from the country’s ongoing postwar reconstruction and BNCP.
    Hanwha Group chairman visited BNCP site and encourged construction workers.
  • 201303
    2012. 5
    Finally on May 30th 2012, Iraqi government and Hanwha Group signed the official contract for the construction of the Bismayah New City.
    Groundbreaking ceremony was commenced to signify the start of a historic business, as Hanwha E&C began the official construction.
  • 201303
    2012. 2
    NIC & Technical Committee visited EcoMetro New City in South korea, accommodating 12,000 housing units and solely developed by Hanwha E&C.
  • 2011. 8
    NIC & Technical Committee completed and approved Master Plan, Land Development Plan, Unit Plan, Mechanical & Electronic Design Plan.
    4th Technical Meeting between Iraq Technical Committee and Hanwha E&C in Iraq Baghdad(8.22~8.26)
  • 201303
    2011. 7
    3rd Technical Meeting between Iraq Technical Committee and Hanwha E&C in Seoul, Korea(7.10~7.16)
    2nd Technical Meeting between Iraq Technical Committee and Hanwha E&C in Baghdad, Iraq(7.2~7.7)
  • 2011. 6
    1st Technical Meeting between Iraq Technical Committee and Hanwha E&C in Baghdad, Iraq(6.13~6.17)
    Hanwha E&C formed a task force team of 150 professional engineers, architects, development managers, IT specialists, and finance specialists
  • 201303
    2011. 5
    Iraqi government signed MOA with Hanwha E&C for the success of the BNCP
  • 201303
    2011. 4
    Hanwha E&C(Engineering & Construction) made a presentation about Bismayah New City Project to Iraqi delegation.
    Iraqi Prime Minister and Iraqi delegation visited South Korea to promote investment.
  • 2010. 3
    National Investment Commission (NIC) proposed the Bismayah New City project (BNCP) as the first and model project in IRAQ.
    The National Housing Program was announced as a part of the Iraqi Economic Development plan.