Obayashi-HBK venture wins Doha project deal
Doha, May 21, 2013
Qatar's Msheireb Properties has awarded a consortium comprising Japan's Obayashi Corporation and Qatar's HBK Contracting a construction contract worth QR2.5billion ($686.64 million), reports said.
The contract covers the Phase three of its flagship Msheireb Downtown Doha project.
"Awarding the construction contract for Phase three symbolises our commitment to the implementation of this project and is testament to the swift progress we are making in its construction," chief executive officer at Msheireb Properties, Abdulla Hassan AlMehshadi, was quoted as saying.
Executive officer of Obayashi Corporation, Kotaro Nonaka, speaking on behalf of Obayashi-HBK joint venture, said the company was honoured to be appointed as contractors for the crucial part of the development and to be part of the Msheireb Downtown Doha construction team.
Phase three involves the construction of a built-up area of approximately 310,000 sq m comprising 14 buildings that are up to 22 storeys in height as well as four basement levels offering 2,200 parking spaces.
It will comprise two office buildings, 350 residential units spread across 11 buildings, four communal swimming pools in addition to a mosque, retail, hotel, hospitality and community facilities.
Described as the world's first sustainable regeneration of a downtown area in a modern city, the project combines traditional local building practices and design influences with the latest technologies in energy efficiency and environmental management.