SK E&C gets subway contract

Home > Business > Industry

print dictionary print

SK E&C gets subway contract

SK Engineering and Construction, the construction arm of SK Group, said yesterday that it secured a $825 million contract in Qatar after its consortium won a project to build subway stations and railways.

According to the company, the consortium, which includes Italy’s Impregilo and Qatar’s Galfar, signed a $2 billion deal with Qatar Railways Company to finish Qatar Doha Metro Phase-1 Red Line North Underground project.

SK E&C and Impregilo each has a 41.25 percent share of the project, while Galfar has 17.5 percent.

SK E&C said it will build 11.69 kilometers (7.26 miles) of underground railway while setting up seven stations. The company said that since Qatar is ready to release various construction projects before hosting the 2022 FIFA World Cup, this contract was a good opportunity to get additional orders.



By Joo Kyung-don [kjoo@joongang.co.kr]

More in Industry

Buffet restaurants adapt to pandemic by nixing the buffets

Sale of Doosan Infracore stake could be opportunity for Hyundai Heavy

Volvo XC60 ranks No. 1 for residual value in Encar study

Binggrae to scoop up ice cream competitor after FTC approves merger

LG accepting orders for rollable, $85K television

Log in to Twitter or Facebook account to connect
with the Korea JoongAng Daily
help-image Social comment?
lock icon

To write comments, please log in to one of the accounts.

Standards Board Policy (0/250자)

What’s Popular Now