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FINANCIAL NEWS
Qatar’s Msheireb Properties grants Downtown Doha Phase 3 contract
21 May 2013
(MENAFN) Msheireb Properties CEO, Abdulla Hassan Al-Mehshadi, announced that the company has granted a construction contract worth USD690 million for Phase 3 of its Msheireb Downtown Doha project, reported Arabian Business.
Al-Mehshadi added that constructing the phase, which comprises 11 residential buildings, a mosque, two office blocks and a hotel, is projected to begin at the end of May.
He said that the contract has been granted to a consortium including Obayashi Corporation and HBK Contracting.
It is worth noting that Msheireb started the USD5.5 billion Downtown Doha project in 2010, with the project expected to be finished in four phases.
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