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| Hochtief to build shopping center in Qatar  German firm Hochtief Construction signed the biggest single-order contract in its corporate history: The Hochtief subsidiary will construct a more than 8-kilometer-long building complex in Qatar's capital Doha for over EUR 1.3 billion. The client of the project to be completed by mid-2012 is Barwa Real Estate Company which is made up of private investors and - with a share of 45 percent - the State of Qatar. Barwa Commercial Avenue will be a center for retail, office and residential units. It will be built alongside the highway at Doha's southern fringe and comprise almost 900,000 square meters of gross floor space - the equivalent of roughly 110 soccer pitches. Hochtief Construction already provided consultancy services to client Barwa Real Estate during the planning phase under the partnership-based business model PreFair, which guarantees wide-ranging planning reliability to both parties. First contract lots for excavation works and construction pit preparation with a combined value of EUR 45 million have been realized since February 2008. write your comments about the article :: © 2009 Construction News :: home page |