Business & Finance

Sacyr wins first contract in Qatar

Published May 6, 2013 Updated May 6, 2013 12:01pm

1 min

By Muhammad Iqbal

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MADRID: Spanish infrastructure company Sacyr said on Monday it had won a 70 million euro ($92 million) contract to build motorways and other infrastructure in Al Rayaan, Qatar, its first contract in the country.

Sacyr's subsidiary Sacyr Construccion will work in a consortium with Qatari firm Combined Group Company on the project, which is expected to take 15 months to complete.

Sacyr said in a statement that 80 percent of its portfolio is now made up of foreign projects.

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