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FINANCIAL NEWS
Lusail to gibe USD3b sub-contracts in World Cup city
28 Feb 2011
(MENAFN) Lusail Real Estate Development Co chief executive officer, Essa Mohammed Ali Kaldari, said that the company is planning on granting contracts worth USD3 billion for roads and infrastructure projects, reported Arabian Business.
The CEO said that the company would use an open bid for these contracts. The contracts would tackle sub projects in the 2022 world cup new city.
The CEO added that Lusail City would be completed by 2019 and would accomodate 200,000 residents as well 400,000 visitors. The city would include manmade islands, an entertainment district, an office park for energy companies, a golf course and five.
More News
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BBK awards over BD 1 Million to 273 winners in the February Al Hayrat Grand Prizes draw
01 Mar 2026
BBK activates partial remote working system for its workforce to ensure employee and customer safety and service continuity
24 Feb 2026
BBK discloses its financial results for the year ended 31st December 2025
05 Feb 2026
BBK announces December Al Hayrat Grand Prize winners and another wave of Grand prizes for February
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