Dohaland awards consortium $429m contract
Doha, April 25, 2010
Qatari developer Dohaland has awarded a 1.56 billion riyal ($428.8 million) contract to a consortium led by South Korea's Hyundai Engineering and Construction Co., Dohaland said on Sunday.
The contract is part of the first phase of Dohland's $5.5 billion, 35-hectare Musheireb project, which will include hotels and retail, residential and government buildings, the company said in a statement.
The project will be completed in five phases, with the first phase due to be finished by 2012 and the last by 2016, the company said.
The contract is the final in a total of 2.2 billion riyals worth of contracts awarded for the construction of Phase 1A of the project, which will include the construction of a national archive, the company said. - Reuters