Hanwha Group, a South Korean chemicals and financial conglomerate, said Monday it has clinched a US$2.12 billion order to build the infrastructure for a new city currently under construction in Iraq.
The agreement signed with Iraq's National Investment Commission calls for Hanwha Engineering & Construction Corp., the building arm of the conglomerate, to build the social infrastructure as part of the company's Bismayah New City project in the Middle Eastern country, the group said in a press release.