Hyundai E&C wins Qatar port contract
By CW Staff
Hyundai Engineering & Construction has won part of a $301m order to build facilities at Doha’s new port.
According to the Korea IT Times, Hyundai will work jointly with the Middle East unit of the Netherlands' Royal Boskalis Westminster N.V. and Brazil's Construtora OAS on the project.
Hyundai’s share of the project is $186m and the work is set to take 30 months to complete.
The work has been commissioned by the Qatari New Port Project Steering Committee, with this latest project calling for building berths for small-sized and medium-sized vessels and connecting passageways in the QEZ3 section of No. 3 economic zone.
“We could clinch the port construction deal thanks to the good relationship we have maintained with the Qatari government through previous large-scale projects,” said a Hyundai official.
“We will keep working hard to win more infrastructure projects that the government is commissioning ahead of the 2022 World Cup Games.”
Hyundai E&C has been active in Qatar since it entered the market in 1978 when it built the Sheraton Doha Resort & Convention Hotel
More recently, it has succeeded in landing a total of 17 deals worth $7.58bn, including the Ras Laffan combined cycle power plant project in 2009, the 2010 Heart of Doha phase 1 project to rebuild the city center, the 2011 Qatar National Museum project, and the Lusail Expressway project in 2012.