Bin Laden’s Son Aims To Land World Cup Deals
Bin Laden’s son and owner of construction company Qatar Bin Laden Group, has recently strengthened his attempts at landing major contracts in preparation for the 2022 World Cup by partnering with Spain’s Coprosa.
Qatar Bin Laden Group will be the majority holder at 51 percent of the two company’s new joint venture, BC Group, while Coprosa will hold 49 percent. The newly formed company will hope to appeal to Qatari leaders in charge selecting the companies that will construct the countries many upcoming projects.
“We want to be involved in the Doha Metro and other high-speed rail projects in Qatar, as well as hydraulics and water treatment plants. Coprosa has particular experience with high-speed rail projects, and we want to make use of that. We hope to be submitting proposals by the end of June,” bin Laden told Reuters on Wednesday.
The Doha Metro project will aim to connect all major stadiums that are being used in the 2022 World Cup hosted by Qatar by four rail lines. The project is also set to build an underground component underneath the capital of Qatar.
“There is a limited timeframe for projects in Qatar. It’s all happening in the next 10 years, and we want to be involved as much as we can,” continues bin Laden.
Qatar is sparing no expense when it comes to construction surrounding the preparation for the 2022 World Cup as they have allocated 40 percent of its budget between now and 2016 to go towards funding projects.
According to Yahoo, they plan to spend $11 billion on a new international airport, $5.5 billion on a deepwater seaport, $1 billion for a transport corridor in Doha and an additional $20 billion on roads.
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