India's L&T wins $135 mln Qatar World Cup stadium contract: official

 06 Jun 2016 - 11:17

India's L&T wins $135 mln Qatar World Cup stadium contract: official
A computer generated image of the Al Rayyan Stadium, one of the venue for the FIFA 2022 World Cup. 

 

DOHA: Larsen & Toubro Ltd has secured a contract to build a $135 million stadium for Qatar's 2022 World Cup, an official told Reuters on Monday, a boost for the Indian firm facing a slowdown in its key Middle East market due to low oil prices.

"As part of a joint venture, L&T will serve as a contractor building the 40,000 seat Al Rayyan stadium," said the Qatari government official, who declined to be named as he was not authorised to speak publicly.

L&T, which declined to comment, is one of India's biggest industrial groups and is involved in infrastructure projects in the Gulf including the construction of a metro line in Doha.

In May the company's group executive chairman said L&T was bidding for projects in the Asia and Africa to counter a slowdown in Middle Eastern markets which have been hurt by declining oil prices.

Al Rayyan stadium will include cooling technology to help with Qatar's fierce temperatures.

The stadium's capacity will be reduced to 21,000 after the tournament with the upper tier of seats being sent to a developing nation.

Reuters