JV wins US$675mn Qatar construction contract

JV wins US$675mn Qatar construction contract

Orascom Construction Industries (OCI) has confirmed that Six Construct Qatar (a fully-owned subsidiary of the BESIX Group which is 50 per cent-owned by OCI) has been awarded a US$675mn contract to build phase IIB of the Doha Convention Centre & Tower in Qatar in a joint venture with Midmac Contracting Co. Six Construct Qatar’s share of the contract is approximately US$338mn or 50 per cent of the total contract value.

The client is the Qatari Diar Real Estate Investment Company and the project is due for completion by the end of October 2012. The scope of work entails construction of the concrete and structural steel superstructure, electromechanical works, roof works and both internal and external finishing related to the project. A Six Construct/Midmac JV is currently executing work on phase IIA of the project awarded in early 2009 valued at US$210mn. In addition, an OCI/BESIX joint venture is currently executing the substructure work on the Qatari Diar Nile Corniche Project in Cairo. Orascom Construction Industries CEO, Nassef Sawiris said, “We are pleased to participate in Qatar’s steadfast world-class infrastructure program. Qatar is a core regional market for the OCI Construction Group and we are proud of our track record in building milestone projects in the country. We will continue to pursue key infrastructure projects going forward.”

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