We noticed you're blocking ads.

Keep supporting great journalism by turning off your ad blocker.

Questions about why you are seeing this? Contact us

Font Size

- Aa +

Mon 26 Mar 2012 07:26 PM

Font Size

- Aa +

Qatar plans to award three tenders for $7.4bn port

Senior New Port Project official says 17 contracts to be issued before 2016 completion

Qatar plans to award three tenders for $7.4bn port
The New Port Project is scheduled to be operational in 2016 (image for illustrative purposes only).

Qatar plans to award three tenders this year for the construction of the country’s new QR27bn ($7.4bn) port, the state-run Qatar News Agency said, citing Nabil Al-Bouenain, executive director of the New Port Project.

A total of QR8.5bn have been spent so far on 15 separate projects, the news agency said, citing Al-Bouenain.

About 17 contracts will be issued in the coming years before the port is completed in 2016, QNA said.

Referring to the cost of the port project, he said: "I don't think the cost will increase, we hope it will decline, but we are committed to achieving it according to the highest international standards."

He added that the two major concluded contracts so far were a QR3.2bn deal with China Harbor, and a second worth QR4.5bn with Middle East Dredging Company (MEDCO).

Infrastructure projects will be exclusively awarded to Qatari firms. In case of a foreign partner, the Qatari side's share must not be less than 51 percent, Al-Bouenain said.

For equipment projects and marine projects, they will be subject to competition with foreign companies due to the lack of local manufacturing of some of the equipment, he added.

Arabian Business: why we're going behind a paywall

For all the latest construction news from the UAE and Gulf countries, follow us on Twitter and Linkedin, like us on Facebook and subscribe to our YouTube page, which is updated daily.