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| Hochtief sets up joint venture in Qatar Hochtief Construction, together with the Qatari company Lusail Real Estate Development Company - a subsidiary of the state-owned real estate investor and urban developer QatariDiar -, set up a joint company. The contracts were signed in Qatar's capital Doha in the presence of the German Chancellor Angela Merkel and the Emir of Qatar, Hamad bin Khalifa Al-Thani. The joint venture is to offer planning and construction services in Qatar and abroad. Its main task will be one of the biggest urban development projects in the world: The company will develop a site of approximately 35 square kilometers north of the city of Doha into a metropolis called Lusail. The new city for about 200,000 inhabitants is planned to comprise ten districts with residential areas, shopping streets, leisure facilities, schools, medical centers and two harbors. Specialists from Hochtief ViCon had previously won a partial contract for planning Lusail: The Group subsidiary will coordinate the use of 3D technologies during the development phase. write your comments about the article :: © 2010 Construction News :: home page |