The government of Qatar has awarded a contract worth 2.5 billion dollars to the American engineering company Bechtel. This contract includes the construction of the first phase of a new airport that is planned to be completed in three phases. Most parts of the airport will be built on land reclaimed from the Persian Gulf. The first phase of the project is expected to be completed by the end of 2008. After the completion of all three phases around 2015, the Qatar airport will be capable of handling 50 million passengers annually and will cost approximately 5 billion dollars.
2.5 Billion Dollar Contract for the Construction of Qatar Airport - 2004-01-24
Qatar has signed a $2.5 billion contract with Bechtel for the construction of a new airport in three phases. The first phase is set to be completed by late 2008, with the entire project expected to accommodate 50 million passengers annually by 2015. This development is significant for Qatar's infrastructure and economic growth.
👥 Key Players
📰 What Happened
Qatar has awarded a $2.5 billion contract to Bechtel for the construction of a new airport in three phases. The first phase is expected to be completed by the end of 2008.
- The entire airport project will cost approximately $5 billion.
- Once completed, the airport will handle up to 50 million passengers annually.
💡 Why It Matters
📚 Background
Qatar has been investing heavily in infrastructure to prepare for events like the FIFA World Cup and to diversify its economy away from oil dependency.
🏷️ Entities Mentioned
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