Posted on August 06, 2017

Turkey’s Tekfen Holding has announced that its construction unit has won a $200m contract to build a highway in Qatar. “One of our subsidiaries, Tekfen Construction, won construction works for the Eastern Industrial Road from the Qatari Public Works Directorate (Ashghal) for $729.6 million Qatari Riyal (nearly $200 million),” the company said in a statement.

The project is slated to be completed over a 27-month period, according to the statement. The company said Tekfen’s projects in Qatar rose to four with this contract, which includes the construction of a nearly 2.5-km highway with two viaducts. The ongoing projects of the company in Qatar reached a value of $2.5 billion, according to the release. The total business value of Tekfen’s projects has risen to nearly $5 billion in Qatar since its first entrance into the country in 2005, it added. The picture shows a rendering of $2.1bn Al Khor expressway, the largest contract in Tekfen’s history.

source: The Peninsula

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