Lusail Real Estate Development Co., the state-owned Qatari company building a new city in time for the 2022 soccer World Cup, plans to award about $3 billion worth of contracts for roads and infrastructure over the next year.
“Our strategy is to go for an open bid,” Chief Executive Officer Essa Mohammed Ali Kaldari said in an interview. “We would like to give an opportunity to many companies.”
Lusail City, which will have 200,000 residents and capacity to accommodate twice that many people, is scheduled to be completed by 2019, Kaldari said. The city will include manmade islands, an entertainment district, an office park for energy companies, a golf course and five stadiums. The World Cup final will be held in a venue north of the city, the CEO said.
The largest of the projects to be awarded in the next year will be for construction of the Al Khor Highway, running along Lusail City’s western border, Kaldari said. He didn’t provide details of other contracts to be given out.