Qatar hands out US $420 million Doha airport deal
The project is to be executed over the next two years
Qatar has awarded a QR1.53 billion (US $420 m.) contract to create reclaimed land for the international airport in Doha. The project will have to be executed over the next 24 months.
The contract has been won by an international consortium of four dredging firms, led by Dutch dredger, Royal Boskalis Westminster. Other members of the group are Qatar Dredging Company, Dredging International and Great Lakes Dredging & Dock Company. Royal Boskalis’ share in the project is approximately 30%.
“The construction of the platform will require 60 million m³ of sand to be mined from sea. The four partners in the consortium will deploy, in total, 11 large cutter suction dredgers and trailing suction hopper dredgers on the project,” Boskalis said in a statement. “This project in Qatar is one of a series of large-scale land reclamation projects on the global market for maritime infrastructure. This market is driven by long-term factors, such as world population growth and growth of the world economy and international trading volumes.”
Royal Boskalis Westminster is an international group with core activities in the construction and maintenance of ports and waterways, land reclamation, coastal defense and riverbank protection. The company has a fleet of over 300 units and operates in over 50 countries across five continents. It has some 3000 employees.
Belgium’s Dredging International is equally owned by Belgian holding firm Ackermans & Van Haaren and construction company CFE. Local firm, Qatar Dredging Company (QDC), is a subsidiary of United Development Company (UDC).
“We are deeply honored to be a part of this auspicious project,” said Hussain Al Fardan, UDC chairman. “QDC was able to take giant leaps in record time. Since its establishment in June of this year, QDC has managed to win contracts worth a total of more than QR2.1 billion. This is a success that is unprecedented in the local private sector,” Al Fardan added.
QDC is a joint venture between the State of Qatar, which owns 10% of the shares, the Belgian giant, International Dredging, with 44%, while UDC controls the remaining 46%. QDC is also the primary developer for the Pearl-Qatar, a reclaimed island project. Another UDC subsidiary, Qatar District Cooling Company, has paired with UAE-based Tabreed. In addition, UDC is a partner in Al Saif Company, which is a joint venture with Qatar Petroleum with a focus on petrochemical products.