10.08.2015, 09:22
Doha Bank has announced the signing of a project finance deal with Leigh
OREANDA-NEWS. Doha Bank has announced the signing of a project finance deal with Leighton Contracting Qatar, a division of UAE-based Habtoor Leighton Group, for supporting the construction of Qatar General Electricity & Water Corporation’s (KAHRAMAA) Water Security Mega Reservoirs Project- Rawdat Rashed. The project value is QR2.2 billion.
The Habtoor Leighton Group (HLG), focused on two core market sectors, Infrastructure and Building, is one of the leading diversified international contractors in the Middle East and North Africa having an extensive track record in large-scale projects across the region. For more than 40 years the Group has built a strong and loyal client base across both the public and private sectors.
The Mega reservoirs, with a capacity of 100 million gallons each, are the largest reinforced concrete reservoirs in the world. The Habtoor Leighton Group (HLG) CEO and Managing Director, José A. López-Monís, said the award validated the high value placed by the client on the capabilities and proven performance of the Group which was awarded this project for KAHRAMAA last March.
“We are pleased at the opportunity to participate in a project that will form the bedrock upon which Qatar’s water security initiatives will be built,” said Dr. R. Seetharaman, Group CEO of Doha Bank, adding that the Bank has already issued project-related guarantees.
The Habtoor Leighton Group (HLG), focused on two core market sectors, Infrastructure and Building, is one of the leading diversified international contractors in the Middle East and North Africa having an extensive track record in large-scale projects across the region. For more than 40 years the Group has built a strong and loyal client base across both the public and private sectors.
The Mega reservoirs, with a capacity of 100 million gallons each, are the largest reinforced concrete reservoirs in the world. The Habtoor Leighton Group (HLG) CEO and Managing Director, José A. López-Monís, said the award validated the high value placed by the client on the capabilities and proven performance of the Group which was awarded this project for KAHRAMAA last March.
“We are pleased at the opportunity to participate in a project that will form the bedrock upon which Qatar’s water security initiatives will be built,” said Dr. R. Seetharaman, Group CEO of Doha Bank, adding that the Bank has already issued project-related guarantees.
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