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QATAR: Joint venture construction contract award for planned $199,000,000 airport project, AKTOR SA [Greece] & AL DARWISH ENGINEERING [Qatar], CYBARCO [Cyprus] & CIMOLAIR [Italy] Order #: 116906.

Publication: WWP-Report on Engineering Construct & Plant Operations in the Developing World
Publication Date: 01-NOV-06
Format: Online
Delivery: Immediate Online Access

Article Excerpt
PROJECT OVERVIEW:

Joint venture construction contract award for planned $199,000,000 airport project. The partners in the planned undertaking include Greece-based AKTOR SA, a subsidiary of HELLINIKI TECHNODOMIKI TEB (ELTEB), the local AL DARWISH ENGINEERING, CYBARCO of Cyprus and CIMOLAIR of Italy.

According to the terms of the joint venture agreement, AKTOR will hold a 40% interest in the undertaking and act as project leader. Construction plans call for building new airline support facilities at Doha's airport.

The cost to complete the infrastructure project, by late 2008, has been estimated at $199,000,000.

ELTEB operates as a holdings...

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