📋 Tender Overview
Scope of Work:
Construction of Bismaya Residential City.
Description:
The giant housing project is being built by South Korean firm Hanwha. Hanwha E&C’s New Bismayah City project is the unprecedented effort to build an entire city covering 59 city blocks including 8 towns, community facilities, and over 834 apartment complexes totaling 100,080 units, enough to house more than 600,000 people.
New Bismayah is being built 10km southeast from the capital, Baghdad and is expected to become the hope of the war-torn Iraq and the symbol of its reconstruction. It is also the first and the largest city development project in Iraq’s history while also being the biggest international project ever undertaken by any construction company in Korea. The project is set to cost 10.1 billion USD (12 trillion KRW) with savings realized by employing the Design-Build Method where Hanwha E&C is exclusively and comprehensively in charge of every aspect of the project including the design, supplies, and construction.
New Bismayah city has an underground tunnel that surrounds the 20km circumference of the city and its 6-8 lane surface roads. Enclosed within the underground tunnel is the communication network and electrical network. They are designed to safely protect the urban infrastructure while supporting maintenance work such as repairs and network extensions. Having all the telephones and electrical wires underground provide an unimpeded view from inside and outside of the city, thereby improving the city’s aesthetics.
Previous Event:
February 2022- The Chairwoman of the National Investment Commission (NIC), has received approval from Iraq's Council of Ministers to hire an international law and an international auditing firm to investigate previous contracts at the Bismaya Residential City. The firms will propose a financial model, and to audit the project's financial issues.
