National Investment Chair confirms first dues from Hanwa

Iraq received the first installment of payments to Hanwa, the Korean company executing the Basmaya residential city project, amounting to $111 million out of $222 million. This was achieved through direct intervention by the Prime Minister and the government's efforts to overcome field and financial obstacles. An agreement was reached with the company to schedule the second payment within six months to ensure the project's continuity and stability, along with measures to improve services and accelerate the implementation of related projects in the city.

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