Bouygues wins massive US $1.3bn contract in Qatar
French giant wins Barwa Financial District deal
French construction giant Bouygues has won a US $1.3 billion (QAR 4.75 billion) contract for construction in the Barwa Financial District project in Doha, it was announced yesterday.
Barwa Financial District is developed by the Barwa Real Estate, the largest semi-public property group in Qatar.
The contract is for work in Doha’s new business district in West Bay. It includes nine 18 to 52 storey office towers, a five star hotel, a shopping centre, a mosque as well as parking facilities and utilities.
Construction time for the project will be three and a half years.
“This fast track project will involve 6,000 people at peak times and considerable plant resources, notably 17 tower cranes,” said a statement from Bouygues.
“The work will also take place in a particularly challenging environment due to the cramped site.”
Bouygues will carry out the works in collaboration with two Qatari companies - Midmac Contracting Company and Aljaber Engineering.
Bouygues chairman and CEO Yves Gabriel said the contract was excellent news for the company.
“In the current economic environment, it enables us to improve our visibility abroad and become a major player in a high-growth area," he said.
Bouygues Construction has recently delivered a number of projects in the Arabian peninsula, including the Jeddah Equestrian Club in Saudi Arabia and the elevated rail transit system in Dubai in the United Arab Emirates.