Daewoo Engineering & Construction announced that it concluded a US$590 million (674.67 billion won) contract for Qatar’s E-Ring expressway construction with the Public Works Authority of Qatar on Feb. 1 (local time).
Under the deal, the South Korean builder will extend the existing highway located about 15 km south of Doha, the capital city of Qatar, by 4.5 kilometers and additionally construct a 4km road of 8 to 14 lanes in both directions with two of three multi-level intersections and one of two multi-level intersection.
Although the construction is relatively short with the 8.5-km section of the road, it has a high profitability in the future due to a large amount of construction costs as it has three multi-level crossing interchanges.
Qatar is aggressively developing various kinds of infrastructure, such as roads and railroads, to prepare for the World Cup to be held in 2022. In particular, the E-Ring expressway near Doha airport and the World Cup stadium is one of core traffic networks that connect Doha. Accordingly, Qatar is now making an effort to add wings to the construction at the state level.