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Hyundai wins $434m deal to build Qatar museum

South Korean firm nets deal to build National Museum of Qatar in Doha

Hyundai wins $434m deal to build Qatar museum
TO GO WITH AFP STORY BY FAISAL BAATOUT: A construction worker digs at a building site while in the background numerous cranes are positioned around high-rise ?apartment buildings under development in the Qatari capital Doha, 01 October 2007. Qatar ?is enjoying dramatic economic growth on the back of surging gas revenues, but the Gulf ?state is battling an increasingly high rate of inflation led by high housing costs, officials ?and analysts say. Around 2,000 housing units were under construction in 2007 and ?another 6,000 should be ready by 2009. AFP PHOTO/KARIM JAAFAR (Photo credit should read KARIM JAAFAR/AFP/Getty Images)

Hyundai Engineering
& Construction said on Sunday it had won a $434m order to build the
National Museum of Qatar in Doha.

The South Korean
construction firm said it had secured the final contract from Qatar Museums
Authority (QMA) to build the museum on a site of 46,000sq m in the country's
capital.

The company added in
a statement that it expected the construction work for the facility to take 33
months.

Gas-rich Qatar has invested billions of dollars in recent
years in an effort to become a cultural hub in the Gulf.  The new National Museum of Qatar, designed by
Jean Nouvel, is scheduled to open in December 2014, according to the QMA’s website.

The emirate is already home to the I.M.Pei-designed Museum
of Islamic Art and the Qatari Emir, Hamad bin Khalifa Al Thani, said in October
he would be keen to buy London auction house Christie’s.

The former chairman of Christie’s International, Edward J.
Dolman, left the privately-owned auction house in June to join the board of the
Qatar Museums Authority.

Qatar’s museums authority administers collections of Islamic
art, Orientalist paintings, natural history, photography, armor, Islamic coins,
costumes and jewellery.

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