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al khaliji co-arranges financing of QR653m for Consolidated Contractors Group

al khaliji has participated in the financing of QR653m for a part of the Engineering Procurement Installation & Construction, the Berths and Port Infrastructure for the Ras Laffan Port Project being undertaken by the Joint Venture Consolidated Contractors Group S.A.L (Offshore) (CCC) and Teyseer Contracting Co. WLL (TCC).

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This strategic project valued at QR6.5bn was awarded by Qatar Petroleum to accommodate the growing LNG exports and achieve Qatar's ambition of becoming the world's largest LNG exporter.

Rob McCall, al khaliji Managing Executive, Corporate and Institutional banking commented:
"This project clearly outlines the importance that Ras Laffan Port plays in optimizing the utilization of Qatar's hydrocarbon resources. Given the complexity of the level of expertise required for the building of the quay walls and the coast guard jetty, the financing deal for this project is a landmark in terms of size. This investment demonstrates the commitment of Qatar to further consolidate Ras Laffan Port's position as its key gateway for LNG exports."
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Notes and media contacts

For further information on al khaliji, please contact:
Florence Janin
Senior Executive, Corporate Affairs, al khaliji
Mobile: +974 559 1547

Maitha Al Qader
Principal, Corporate Affairs, al khaliji
Mobile: +974 580 842
+971 50 427 7427
Ehab Al-Abbadi Posted by Ehab Al-Abbadi
Sunday, September 14 - 2008 at 15:39 UAE local time (GMT+4)

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