Vinci in $537m Qatar job

Sun, 28 Aug 2011

Regional News

Vinci in $537m Qatar job

THE Qatari sovereign wealth fund’s property investment arm Qatari Diar and France’s Vinci have won deal worth €374 million ($537 million) as part of a Light Rail Transit System project in the new city of Lusail, near Doha.

QDVC, which is 51-per-cent owned by Qatari Diar and 49-per-cent by Vinci Construction Grands Projets landed the contract, Vinci said in a statement.

The deal notably covers civil engineering works in eight underground stations and the construction of a viaduct over the motorway between Doha and the northern part of the country.

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