SAMSUNG C&T GDR : Samsung C&T awarded Lusail Road Construction Project in Qatar
Samsung C&T Engineering & Construction Group was awarded a Lusail Development Primary Infrastructure contract with a value of $296 million USD from Lusail Real Estate Development Company.
This infrastructure construction project will be built in Lusail City Development Site which is located 22km north of Qatar's capital, Doha. Samsung C&T will complete construction on the 10.7km road, including a 1.5km underground motorway, which will serve as a centerpiece of the city's transportation system. The project will take 30 months to complete.
Utilizing proprietary know-how and success of its Abu Dhabi Salam Underground Motorway and Singapore Marina Coastal Expressway, Samsung C&T became the preferred partner after undergoing competition with twenty-six other industry global leaders. In addition, Samsung C&T has proven its capability in the Qatar market by successfully winning the Lusail Bridges Project in November of 2011.
Starting with the construction of the project, Samsung C&T intends to actively participate in penetrating the Qatar market and plans to strengthen its ability to become a major player in the global civil infrastructure business. Qatar is expected to spend $80~$100 billion USD over the next five years to prepare and deliver the infrastructure needed to host the 2022 FIFA World Cup.