L&T bags US$ 360 million stadium contract for 2022 Qatar World Cup
08 June 2016
India’s biggest construction firm, Larsen & Toubro Limited (L&T), and Qatari company Al Balagh Trading & Contracting have been jointly appointed as the main contractors to build the Al Rayyan Stadium in Qatar.
The reported value of the contract is around US$ 360 million.
The 40,000-capacity stadium is set to host matches at the 2022 Fifa World Cup, up to and including the quarter finals.
The Qatari-Indian joint venture was officially announced this week, by the Supreme Committee for Delivery & Legacy (SC), at a signing ceremony that took place at Qatar’s Al Bidda tower.
Momentum on the stadium project is now set to gather pace, following the completion of excavation works at the site last month.
Dr. Jens Huckfeldt, Chief Executive, L&T Qatar, said, “It is a matter of immense pride for us at Larsen & Toubro Limited, along with our joint venture partner Al Balagh, to have been given the responsibility to design and build the Al Rayyan Stadium and Precinct in preparation for the historic first Middle Eastern FIFA World Cup in 2022. We are extremely mindful of the trust and confidence given to us by the Supreme Committee for constructing this stadium and it will be our endeavour to deliver a masterpiece.”
Larsen & Toubro is the first Indian company to be appointed as a main contractor on the historic first Middle Eastern FIFA World Cup. The 450,000 m2 precinct is due for completion in 2018.
According to the SC, the site has so far achieved over 1.3 million man hours without Lost Time Incidents (LTI). The milestone was marked recently with an awards ceremony which featured construction workers from the companies and contractors involved in the SC project prior to awarding main contractor, including Bin Omran, Nakheel, Ramboll, Manco International and AECOM.
“Safety is always our top priority and we are constantly working to make sure that the highest safety and security practices are in place for any task that is carried out on site,” said Abdulla Al Fehani, SC Project Manager of Al Rayyan Stadium.
