Qatar's Al Khalij Commercial Bank (al khaliji) has extended financing to The Water Security Mega Reservoir Project which involves the construction of five huge potable water mega reservoirs sites and interconnecting network of large diameter water pipelines.

A joint venture between Consolidated Contractors Group (Offshore), one of the largest engineering and construction company in the Middle East, and Teyseer Contracting Company is developing the Mega Reservoir PRPS 5-Al Thumama (Package C) project.

Each reservoir site will ultimately comprise five reservoirs, which will be the largest of their kind in the world. The aim of the project is to provide seven days of potable water storage in the new mega reservoirs as well as existing and future secondary reservoirs that preserve the water quality, as per Kahramaa and World Health Organization (WHO) standards.

Group CEO Fahad Al Khalifa said: "Al khaliji’s financing of such imperative development comes as part of the bank’s strategy to support the rollout of major infrastructure projects in Qatar and to accommodate the growth requirements of our valuable clients. In line with the 2030 National Vision, we will continue to take part in the country’s growth alongside renowned international and local companies."

He pointed out that al khaliji had long been involved in supporting projects that help develop Qatar’s infrastructure.

Recently, the Qatari lender facilitated financing for a contract awarded to a joint venture between Boom Construction Company and Six Construct Qatar. The contract covered the construction and development of Al Rayyan Road (Project 7) stretching from West of New Rayyan roundabout to East of Bani Hajer roundabout, noted Al Khalifa.

Al khaliji had also extended funding facilities to a joint venture between Boom Construction Company and CAT International Qatar for their awarded Transmission Pipelines for Mega Reservoirs Project around Doha, he added.-TradeArabia News Service