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During his meeting with the Chairman of the Investment Authority.. Al Mandalawi: They completed the Bismayah project and dealt with the problems with Hanwa
Shafaq News / First Deputy Speaker of Parliament, Mohsen Al-Mandalawi, called today, Wednesday, the Investment Authority to complete the Bismayah residential city project and solve its problems with the Korean company executing the project.
Al-Mandalawi's media office said in a statement received by Shafaq News agency, "First Deputy Speaker of Parliament, Mohsen Al-Mandalawi, called on the Investment Authority to reconsider lagging and stalled projects, and to follow up on companies operating in Iraq and withdraw licenses from them that are not sober."
The statement added, "This came during Mandalawi's reception in his office today of the head of the National Investment Commission (Salar Muhammad Amin) and his accompanying delegation, in the presence of a number of deputies, members of the Parliamentary Investment Committee, to discuss the obstacles facing the investment process and opportunities for its development in a way that contributes to creating an attractive environment for investors." ".
Mandalawi stressed "the need to expedite the solution to the problems with the Korean (Hanwa) company and to restore work in the (Bismaya) residential project," stressing that "Iraq has all the ingredients for the success of investment in various sectors, in addition to the improvement of security and the availability of capabilities and scientific expertise, where these foundations can be exploited to achieve Unprecedented sustainable development in our country.
The Iraqi Investment Authority had previously expressed its surprise at what was issued by the South Korean "Hanwha" company regarding the "Bismaya" residential project in the capital, Baghdad, while summarizing the work mechanisms of the project, which is still under construction, with eight points.
Work on the Bismayah residential project, which is supervised by the National Investment Authority, was halted after disagreements with the Korean company executing the project (Hanwha).
While the people resort to demonstrating constantly, the last of which took place on October 15, 2022, to protest against the poor services provided by the collection and maintenance company (Iraqna), and to demand that the Korean company return to work again in the project, and to replace the authority’s office located inside the city due to accusations of not continuously following up on their demands.
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Al-Mandalawi's media office said in a statement received by Shafaq News agency, "First Deputy Speaker of Parliament, Mohsen Al-Mandalawi, called on the Investment Authority to reconsider lagging and stalled projects, and to follow up on companies operating in Iraq and withdraw licenses from them that are not sober."
The statement added, "This came during Mandalawi's reception in his office today of the head of the National Investment Commission (Salar Muhammad Amin) and his accompanying delegation, in the presence of a number of deputies, members of the Parliamentary Investment Committee, to discuss the obstacles facing the investment process and opportunities for its development in a way that contributes to creating an attractive environment for investors." ".
Mandalawi stressed "the need to expedite the solution to the problems with the Korean (Hanwa) company and to restore work in the (Bismaya) residential project," stressing that "Iraq has all the ingredients for the success of investment in various sectors, in addition to the improvement of security and the availability of capabilities and scientific expertise, where these foundations can be exploited to achieve Unprecedented sustainable development in our country.
The Iraqi Investment Authority had previously expressed its surprise at what was issued by the South Korean "Hanwha" company regarding the "Bismaya" residential project in the capital, Baghdad, while summarizing the work mechanisms of the project, which is still under construction, with eight points.
Work on the Bismayah residential project, which is supervised by the National Investment Authority, was halted after disagreements with the Korean company executing the project (Hanwha).
While the people resort to demonstrating constantly, the last of which took place on October 15, 2022, to protest against the poor services provided by the collection and maintenance company (Iraqna), and to demand that the Korean company return to work again in the project, and to replace the authority’s office located inside the city due to accusations of not continuously following up on their demands.
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