>March, 2010. The Iraqi government announces the National Housing Program, a residential construction project that would create over 1 million new homes. >Iraq's National Investment Commission (NIC) designates Bismayah, located 10km southeast of Baghdad, as the first city development project. >As Iraq's biggest city development project ever in its history, the Bismayah New City Project sprawls across an area of 1,830 hectares, with plans to accommodate up to 600,000 occupants within 100,000 residential units; in addition, infra-networks such as roads, electricity, water and waste management, along with a cohesive social groundwork of public facilities for commerce, education, and welfare, will make this project a perfect execution of modern urban construction. >The towns will hold a total of 834 residential towers, and in each of them, buyers can choose from three sizes of apartments – 100m2, 120m2 and 140m2. >For these tasks, Hanwha E&C has two initial turnkey contracts with NIC, signed in mid-2012 and early 2015; the contracts are valued at approximately US$8 Billion (with an escalator clause) and US$2.1 Billion, respectively. >youtube.com/watch?v=CY82Fp5rXRM >youtube.com/watch?v=p9VnYiyyqbY >youtube.com/watch?v=ZZlOTv45pMA
The majority of the tenants are actually government employees or upper-middle class who are concerned over the terrorism youtube.com/watch?v=T69Odl2GuZk
Why is everyone who doesnt live in the US obsessed with these ugly, bleak, and fuckin depressing commie blocks?
>i love hearing my neighbor beat his kids
Blake Anderson
This thread again. This is hardly unusual--many countries in this region have similar projects, or "new cities".
What is particularly special about this one OP?
Connor Bell
It's hell, it's an arena where only the most ass stabbing kikes, gypos and various other swarthy turk roach looking people survive next to an ever growing, everchimpening horde of darkies expands like a blackhole absorbing all life and good possible.
OP, are you homeless? Want free gibs apartment? I see townhomes going up nearby and I think about lower property values, section 8 housing, the draining of local resources. You think cubic ghettos are a step up for any neighborhood?
It's funny how different Korean and Japanese cities are
Brayden Fisher
>Town A >Pay rent in USD >Education Band hmmm
Mason Evans
>Like a beacon of hope, the pristine precast concrete towers of Bismayah, Iraq, rise more than 100 feet out of the desert six miles southeast of Baghdad. The new city, roughly the size of 3,425 football fields, will contain a central business district surrounded by 834 U-shaped apartment towers, schools and social amenities. It will provide a new start for 600,000 Iraqis.
>To say Iraq has an acute housing shortage is an understatement. The country is about 2/3 the size of Texas, but has a population of 38 million compared to about 28 million for Texas (1). Baghdad, Iraq’s largest city, is home to 9 million people. In Baghdad’s most populated neighborhoods, it’s common for 31 people to live in a one-bathroom home intended for use by a single family (2).
>South Korean engineering and construction firm Hanwha E&C was awarded the massive task of planning, designing and producing 100,000 apartments in just five years. They then had to determine how to get the job done.
>Housing units will be offered for a down payment of only $6,300, with the rest being paid over a term of 20 years. >Flats in Baghdad in comparison are far pricier, and buyers are required to pay for the apartments in one lump sum.
