Mr. Moutaz Al- Khayyat Head of UrbaCon Qatar wins $466 million build contract

Released on: August 7, 2015, 8:10 pm (EDT)
Industry: Construction

Doha, Qatar, August 7, 2015 -- /EPR NETWORK/ -- Qatar-based UrbaCon Trading & Contracting has declared that it has been awarded QR 1.69 billion (USD 466 million) to design and build an urban area in the Ras Bufontas area of Qatar next to Hamad International Airport (HIA) terminal.

Mr. Moataz Al- Khayyat, CEO of UrbaCon, has said that “A joint venture between Qatar-based UrbaCon Trading & Contracting (UCC) and Spanish firm Sacyr has been awarded this contract.”

Mr. Moutaz Al- Khayyat has also commented: “it is another successful step by UrbaCon which proves our ability to lead big construction projects in cooperation with world construction companies such as Sacyr.”

“Both companies have been awarded the project by Manateq, an organization set up by the Qatari government to develop economic zones across the country,” he added.

“The work covers an area of approximately 4.1 square kilometers, which is Qatar’s first economic zone,” Al-Khayyat said.

UrbaCon Trading & Contracting has been involved in several huge projects over the last few years and has become one of the most respected building contractors in Qatar. In addition to the Mall of Qatar, included among its projects are the Banana Island Resort, the Sheraton Doha Hotel and Convention Center, and the Lekhwiya Stadium at Al Duhail.

UrbaCon is one of 17 companies owned by Mr. Al-Khayat. The companies include general contracting, commercial and residential developments, building materials, various trading companies, hospitals and restaurants with operations in the Middle East.

CEO Mr. Mohamed Moataz Al-Khayyat | Moataz Al-Khayyat | Moutaz Al-Khayyat | Mohamed Moataz Al-Khayat | Mohammed Moataz Al- Khayyat

UrbaCon Trading & Contracting
Contact-Details: - Dubai

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