{"id":15608,"date":"2016-06-06T20:04:23","date_gmt":"2016-06-06T13:04:23","guid":{"rendered":"http:\/\/www.siamlandbank.com\/propertynews\/?p=15608"},"modified":"2016-06-06T18:07:32","modified_gmt":"2016-06-06T11:07:32","slug":"indias-lt-wins-135m-stadium-contract-for-qatars-fifa-world-cup-2022","status":"publish","type":"post","link":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/indias-lt-wins-135m-stadium-contract-for-qatars-fifa-world-cup-2022\/","title":{"rendered":"India's L&T wins $135m stadium contract for Qatar's Fifa World Cup 2022"},"content":{"rendered":"


\nLarsen & Toubro (L&T) has secured a contract to build a US$135 million stadium for Qatar’s 2022 Fifa World Cup, an official said on Monday, a boost for the Indian firm facing a slowdown in its key Middle East market due to low oil prices.”As part of a joint venture, L&T will serve as a contractor building the 40,000-seat Al Rayyan stadium,” said the Qatari government official, who declined to be named as he was not authorised to speak publicly.L&T, which also declined to comment, is one of India’s biggest industrial groups and is involved in infrastructure projects in the Gulf including the construction of a metro line in Doha.In May, the company’s group executive chairman said L&T was bidding for projects in Asia and Africa to counter a slowdown in the Middle Eastern markets, which have been hurt by declining oil prices.Qatar, the world’s top liquefied natural gas exporter and one of the richest countries per capita, faces a 46.5-billion Qatari riyal (Dh 46.93bn) budget deficit this year because of the continued lower oil and gas revenues.The Gulf country cut planned spending on building healthcare facilities by about two-thirds in 2016, following the drop in energy prices but expenditure on its World Cup-related projects remains unchanged, an official told the media in May.Corruption allegations that have rocked football’s governing body Fifa, have put renewed media focus on Qatar and its hosting of the World Cup, although Qatari officials say they are confident the event will go ahead as planned.Al Rayyan stadium will include cooling technology to help with Qatar’s fierce temperatures.The stadium’s capacity will be reduced to 21,000 after the tournament with the upper tier of seats being sent to a developing nation.business@thenational.aeFollow The National’s Business section on Twitter
\n
\nSource : thenational.ae
\nRead more…India’s L&T wins 5m stadium contract for Qatar’s Fifa World Cup 2022<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

Larsen & Toubro (L&T) has secured a contract to build a US$135 million stadium for...<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"false","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"spay_email":"","footnotes":"","jetpack_publicize_message":"","jetpack_is_tweetstorm":false,"jetpack_publicize_feature_enabled":true},"categories":[1],"tags":[],"class_list":["post-15608","post","type-post","status-publish","format-standard","hentry","category-property-news"],"jetpack_featured_media_url":"","jetpack_publicize_connections":[],"jetpack_sharing_enabled":true,"jetpack_shortlink":"https:\/\/wp.me\/p75ss1-43K","jetpack-related-posts":[{"id":1181,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/qatars-seventh-fifa-world-cup-2022-stadium-to-be-part-of-new-waterfront-district\/","url_meta":{"origin":15608,"position":0},"title":"Qatar’s seventh Fifa World Cup 2022 stadium to be part of new waterfront district","date":"January 11, 2016","format":false,"excerpt":"\r \r Qatar\u2019s Supreme Committee for Delivery & Legacy (SC), the government body responsible for delivering the country\u2019s Fifa 2022 World Cup campaign, is to create a new waterfront district around its seventh proposed stadium in Ras Abu Aboud.The 40,000-seat venue will be on a 450,000-square metre site and includes\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":46903,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/slower-market-leads-to-cheaper-building-costs-in-dubai-but-world-cup-pushes-up-doha-prices\/","url_meta":{"origin":15608,"position":1},"title":"Slower market leads to cheaper building costs in Dubai, but World Cup pushes up Doha prices","date":"March 7, 2017","format":false,"excerpt":"\r Dubai and Jeddah have become comparatively cheaper to build in over the past 12 months, but Fifa World Cup-related activity is continuing to inflate costs in Doha, according to a new study.The International Construction Costs 2017 report by Netherlands-based consultancy Arcadis stated yesterday that Doha has now become the\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":33500,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/us-team-scores-a-powerful-winner-in-qatar-ahead-of-2022-world-cup\/","url_meta":{"origin":15608,"position":2},"title":"US team scores a powerful winner in Qatar ahead of 2022 World Cup","date":"November 8, 2016","format":false,"excerpt":"\r With the Fifa 2022 World Cup just a few years away, Qatar is recruiting league leaders to ensure its preparedness for hosting the world's biggest football tournement.As part of getting ready to welcome fans and teams from around the globe, GE Energy Connections has been signed up on a\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":57768,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/fifa-world-cup-2022-construction-under-threat-should-crisis-continue\/","url_meta":{"origin":15608,"position":3},"title":"Fifa World Cup 2022 construction under threat should crisis continue","date":"June 14, 2017","format":false,"excerpt":"\r The dispute between Qatar and neighbouring states could potentially cause delays to the country's Fifa World Cup 2022 programme if the current crisis is allowed to drag on, according to a report from BMI Research.Although BMI expects the diplomatic crisis to be resolved \"fairly rapidly\", there were a number\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":57778,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/fifa-world-cup-2022-construction-under-threat-should-dispute-continue\/","url_meta":{"origin":15608,"position":4},"title":"Fifa World Cup 2022 construction under threat should dispute continue","date":"June 14, 2017","format":false,"excerpt":"\r The dispute between Qatar and neighbouring states could potentially cause delays to the country's Fifa World Cup 2022 programme if the current crisis is allowed to drag on, according to a report from BMI Research.Although BMI expects the diplomatic crisis to be resolved \"fairly rapidly\", there were a number\u2026","rel":"","context":"In "Property 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Here's a complete overview of the latest announcements and the positive impact on Qatar's real estate market\r \r Source : arabianbusiness.com\r Read more...Qatar closes borders, schools ahead of FIFA World Cup 2022: Over 1.5\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"https:\/\/i1.wp.com\/www.siamlandbank.com\/propertynews\/wp-content\/uploads\/2022\/09\/doha-skyline-1000x667-2.jpg?fit=1000%2C667&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]}],"_links":{"self":[{"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/posts\/15608"}],"collection":[{"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/comments?post=15608"}],"version-history":[{"count":0,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/posts\/15608\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/media?parent=15608"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/categories?post=15608"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/tags?post=15608"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}