Hanwha Group chairman Kim Seung - yeon talks to employees while having lunch at the base camp of the company ’ s construction site in Bismayah , Iraq . ( Hanwha E & C ) Hanwha Engineering and Construction , one of South Korea ’ s leading builders , has won a $ 2 . 12 billion project to build additional infrastructure in Bismayah , Iraq , the company said Monday . The multibillion - dollar project is designed to build core facilities for the new Iraqi city 10 kilometers southeast of Baghdad , including 300 schools , hospitals and police stations . The South Korean builder has already won an order to build some 100 , 000 homes for the Bismayah New City Project by 2019 .   “ Hanwha E & C has solidified its footing in Iraq as it has won over $ 10 billion worth of projects in Bismayah , ” said a Hanwha E & C spokesperson . The builder said it will receive $ 212 million , or 10 percent of the total , in advance payment for the Iraqi city project by June . The BNCP is considered the biggest urban development project in the history of Iraq . The new city covers 1 , 830 hectares of land and is being built to accommodate around 600 , 000 occupants in a total of 100 , 000 residential units . Currently , some 100 South Korean subcontractors are engaged in the Bismayah New City Project and a total of 550 , 000 workers are stationed at the site . The additional infrastructure project will add 30 , 000 jobs , according to the company . Hanwha E & C , the country ’ s ninth - largest builder , posted 3 . 3 trillion won ( $ 3 billion ) in sales in 2014 . By Park Han - na ( hnpark @ heraldcorp . com ) [ 우리 아이 영어 글쓰기 , 어떻게 교육 하 나요 ] 	 더 많 은 기사 보 러 가 기 → [ 코리아 헤럴드 홈페이지 ] [ 트위터 ] [ 페이스북 ] 	 구독 신청 1588 - 0533 	 <ⓒ KoreaHerald ( www . koreaherald . com ) 무단 전재 및 재 배포 금지 >