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Qatar-Belgium Jv Wins $1.2 Bln Gulf Dredging Contract

Qatar-Belgium Jv Wins $1.2 Bln Gulf Dredging Contract

The contract to dredge a 20 km (13 mile) approach channel for a 27 billion riyal new port project was awarded to Middle East Dredging Co (MEDCO), set up by Qatar's United Development Co, state-runQatar Holding, and Belgian dredging group DEME, the statement added.

March 19, 2012 1:30 by



Qatar has awarded a 4.5 billion riyal ($1.24 billion) dredging contract to a joint venture of a local company and a unit of Belgian building group CFE and holding firm Ackermans & Van Haaren, a statement said on Sunday.

The contract to dredge a 20 km (13 mile) approach channel for a 27 billion riyal new port project was awarded to Middle East Dredging Co (MEDCO), set up by Qatar’s United Development Co, state-runQatar Holding, and Belgian dredging group DEME, the statement added.

DEME is jointly owned by CFE and Ackermans & Van Haaren.      ($1 = 3.6410 Qatar riyals)

(Writing by Firouz Sedarat)



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