Qatar 2022: $3bn in tenders to be awarded in 2012
First contracts in World Cup preparations to be agreed next year
Qatar is preparing to announce $3 billion in roading and infrastructure contracts over the next 12 months as the nation begins preparations for the 2022 FIFA World Cup.
In a report carried by newswire Bloomberg, Lusail Real Estate Development Company (LREDC) CEO Essa Mohammed Ali Kaldari said, “Our strategy is for an open bid. We would like to give an opportunity to many companies.”
Lusail Real Estate is part of Qatari Diar Real Estate Investment Company, the development arm of Qatar’s sovereign wealth fund, and its Lusail City project will have 200,000 residents. Lusail City will also host the opening ceremony, group matches and final game of the month-long tournament at its 86,250 seat Lusail Iconic Stadium.
The city is due for completion in 2019 and will include manmade islands, an entertainment area, an office park for energy companies, a golf course and five stadiums.
Kaldari remained tight-lipped about the nature of the contracts to be awarded, but said the construction of the Al Khor Highway, which will run along Lusail City’s western border, will be the biggest to go to tender.