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French group Bouygues plans Qatar JV

Paris, January 18, 2012

Bouygues Construction, part of French conglomerate Bouygues, is to set up a joint-venture in Qatar, which is to host the 2022 soccer World Cup.

'We confirm the creation of a co-enterprise with a Qatari company,' the spokesman said, referring to a newspaper report in France's Les Echos on Tuesday.

'The Qatari company will take 51 percent in this co-enterprise ... the company is being registered and its composition should be official in the next days,' he said.

Qatar is committed to investing $20-$25 billion in tourism infrastructure development ahead of the soccer tournament, the head of its state-run tourism authority told Reuters in August.

Bouygues Batiment International, the international arm of Bouygues Construction, needs to tie up with a Qatari group to be able to participate in any tender offers, Les Echos said.

In Qatar, BBI is building the Barwa Financial District in Doha, a 700,000 sq m real estate complex.-Reuters




Tags: Qatar | tourism | Infrastructure | JV | Bouygues | French group | World Cup 2022 |

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