Hyundai E&C Wins $300 Mil. Order to Build Doha New Port Facilities

SEOUL, KOREA- Hyundai Engineering & Construction said on August 13 that it had won a US$301-million order to build a new port at Qatar's Doha jointly with the Middle East unit of the Netherlands' Royal Boskalis Westminster N.V. and Brazil's Construtora OAS.Commissioned by the Qatari New Port Project Steering Committee, the latest project calls for building berths for small- and medium-sized vessels and connecting passageways in the QEZ3 section of No. 3 economic zone. The company, whose share of the order is $186 million, will complete the construction in 30 months after the work begin.

Hyundai E&C has been active in Qatar since it entered the market in 1978 when it built the Sheraton Doha Resort & Convention Hotel. Lately it succeeded in landing a total of 17 deals worth $7,583 million, including the Ras Laffan combined cycle power plant project in 2009, the 2010 Heart of Doha phase 1 project to rebuild the city center, the 2011 Qatar National Museum project, and the Lusail Expressway project in 2012.

A Hyundai E&C official said, "We could clinch the port construction deal thanks to the good relationship we have maintained with the Qatari government through previous large-scale projects. We will keep working hard to win more infrastructure projects that the government is commissioning ahead of the 2022 World Cup Games."

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