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Bouygues plans Qatar JV ahead of World Cup 2022
Bouygues Construction, part of French conglomerate Bouygues, is to set up a joint-venture in Qatar, which is to host the 2022 soccer World Cup.
January 17, 2012 2:44 by Reuters
“We confirm the creation of a co-enterprise with a Qatari company,” the spokesman said, referring to a newspaper report in France’s Les Echos on Tuesday.
“The Qatari company will take 51 percent in this co-enterprise … the company is being registered and its composition should be official in the next days,” he said.
Qatar is committed to investing $20-$25 billion in tourism infrastructure development ahead of the soccer tournament, the head of its state-run tourism authority told Reuters in August.
Bouygues Batiment International, the international arm of Bouygues Construction, needs to tie up with a Qatari group to be able to participate in any tender offers, Les Echos said.
In Qatar, BBI is building the Barwa Financial District in Doha, a 700,000 square metre real estate complex. (Reporting by Caroline Jacobs and Alexandre Boksenbaum-Granier. Editing by Jane Merriman) *image from bcreative.al