Hyundai Engineering & Construction has won a $534 million US Dollar project to build an advance technology medical center in Doha Qatar. This is another Million Dollar project of Hyundai Engineering & Construction in the last quarter of 2010.
Hyundai Engineering & Construction signed a contract with Qatar’s Public Works Authority to construct the Hamad Medical City at the 2006 Doha Asian Games site, beating industry leaders from the USA and Italy.
Over the next 34 months, Hyundai E&C will renovate the site, which was used as an athlete’s village and offices for the Asian Games, into an advanced technology hospital which specializes in gynecology, surgery and rehabilitation, as well as a medical research center. This project could boast the medical tourism from different part of the Middle East to experience the advance technology in Doha.
This is another good chance for Hyundai Engineering & Construction to be the priority list for the future project of Qatar. Qatar is an important market which is expected to place orders for diverse large-scale construction projects as the country would be hosting for the 2022 World Cup.
“Through winning bids for the Heart of Doha project (in April) and Hamad Medical City, we have gained momentum to re-enter the Middle East market.”
The Hyundai Engineering & Construction, meanwhile, will continue to step up efforts to diversify its overseas markets and the range of its projects next year, aiming to become a top 15 engineering firm in the world.