Company: HBK Contracting
Qatar’s government has expressed a clear will that local firms benefit from the huge projects now underway in the country by becoming part of consortiums with international groups, allowing local management and engineers to learn from some of the technical challenges such projects pose – as well as ensuring that they gain from some of the financial windfall from the country’s building boom.
Perhaps the biggest winner to date has been HBK Contracting, the Doha-based contractor set up in 1970 that is overseen by Sheikh Ali Bin Hamad Al Thani.
The firm, which now employs over 7,000 staff, is a partner in the consortium delivering the Green Line of the Doha Metro with Austrian tunneling firm Porr and Saudi Binladin Group.
It is also building container terminals, buildings and infrastructure at Doha New Port under a $225mn project awarded last August, and it has recently picked up the enabling works contract for Qatar’s first 2022 World Cup stadium at Al Wakrah.
On top of this, it is delivering a three-year, $137mn infrastructure works for Qatar’s heavy rail network, which is due to complete next year, a $670mn contract for phase three of Msheireb Properties’ Downtown Doha scheme and in April was awarded a $98.6mn deal to develop infrastructure at the waterfront district of the new Lusail City being built near Doha.