You are hereHome
Orascom Construction unit wins US$675 million Qatar project
Source: BI-ME with Reuters , Author: Posted by BI-E staff
Posted: Wed September 8, 2010 5:57 pm

EGYPT. A unit of Egypt's Orascom Construction Industries (OCI) won a US$675 million contract to build an additional phase of Doha Convention Center and Tower in Qatar, further expanding in the Gulf Arab state.

The contract was awarded to Six Construct Qatar -- which is fully owned by BESIX Group, itself a 50-50 venture between OCI and Belgian construction group Besix -- in a joint venture with Midmac Contracting company, OCI said in a statement on Wednesday.

The group has been previously working on an earlier phase of the project since early 2009 and will now finish the project by the end of October 2012 for the Qatari Diar Real Estate Investment Company, the statement said.

The firm already won a contract in June worth US$750 million to expand Qatar's international airport.

 

MIDDLE EAST BUSINESS COMMENT & ANALYSIS

date:Posted: April 28, 2017
UAE. Founder & Chairman of Emaar Properties shares the company's success story with students; Harvard Business School Senior Lecturer Sid Yog selected Emaar as the subject of a case study.
date:Posted: April 27, 2017
INTERNATIONAL. If history shows us that science has spawned so many unintended discoveries, what is around the next corner of unintended scientific breakthroughs?
date:Posted: April 27, 2017
SAUDI ARABIA. Increase in foreign direct investment seen as part of efforts to diversify the economy and boost investment inflows into the kingdom; National Transformation Programme updates to be revealed at Saudi Forum 2017.
dhgate