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Qatari Diar signs MoU's with Bouygues Construction S.A. and Bouygues Batiment International
- Qatar: Monday, November 16 - 2009 at 15:58
- PRESS RELEASE
Qatari Diar Real Estate Investment Company, an international specialist in sustainable development, announced today the signing of a Memorandum of Understanding (MoU) with Bouygues Construction S.A. and Bouygues Batiment International. The signing of the MoU signals Qatari Diar's involvement in pursuing a cooperative business relationship with the French-based global leaders in building, civil works, and constructions.
Qatari Diar is hopeful of a fruitful relationship with Bouygues Construction S.A and Bouygues Batiment International to provide a strong and capable presence in the construction scene which will encompass all services that cover the entire construction life cycle.
Bouygues Construction S.A., subsidiary of the Bouygues Group, is one of the world's leaders in building, civil engineering, electrical contracting and maintenance. Operating in over eighty countries, it combines the strength of a large corporation and the flexibility of a network of companies organized in seven complementary entities. Bouygues Batiment International is the international building branch of Bouygues Construction. The company performs construction on a turn-key basis, beginning from development of a concept, designing and includes the whole complex of building construction works up to the completion phase.
Mr. Ghanim Bin Saad Al Saad commented, "This MoU is reflective of the strong confidence we have in the world-class holistic capabilities and international experience of Bouygues in the fields of major project construction. We look forward to create a productive and lasting partnership together."
Mr. Yves Gabriel noted, "We are incredibly enthused to further our relationship with Qatari Diar. Qatari Diar is involved in many exciting and large-scale developments in the State Qatar and throughout the world, and our unique expertise in international project construction will assist and complement Qatari Diar's already stunning world-class developments."
Mr. Olivier Marie-Racine added, "In a time when many in the industry and around the world are suffering from tough global economic conditions, we are excited to explore opportunities with Qatari Diar to create and build forward-thinking developments that will capture the imagination of communities across the world."
Launched in 2004, Qatari Diar is wholly-owned by the Qatar Investment Authority and currently has more than 30 projects active in more than 18 countries around the world.
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Notes and media contacts
About Qatari Diar Real Estate Investment Company:Wholly owned by the Qatar Investment Authority, Qatari Diar Real Estate Investment Company was established in December 2004 to support Qatar's growing economy and to co-ordinate the country's real estate development priorities. Qatari Diar is currently involved in more than 30 projects in 18 countries around the world, including Qatar, France, Morocco, Oman, and Egypt.
Qatari Diar is becoming established as one of the world's most trusted and respected real estate companies because of its commitment to quality, local community, partnership and hallmark sustainability.
Qatari Diar's hallmark vision of sustainable development places community and local traditions at the forefront. The Company aims to create and manage property investments and developments which not only comply with the best international standards, but which also strongly reflect local culture and values. As a result, Qatari Diar's projects deliver a distinctive and sustainable social, economic and environmental benefit to the community. In addition, Qatari Diar often enables local and international developers and investors to partner in its projects, and to work together in exploring other opportunities, both locally and internationally.
For further information, kindly visit www.qataridiar.com.
About Bouygues Construction S.A.:
Bouygues Construction S.A., subsidiary of the Bouygues Group, is one of the world's leaders in building, civil engineering, electrical contracting and maintenance. Operating in over eighty countries, it combines the strength of a large corporation and the flexibility of a network of companies organized in seven complementary entities. Bouygues Construction has adopted a structured strategy with regard to sustainable development, enabling it to strike a balance between economic profitability and the social, community and environmental impact of its businesses. With 53,700 employees throughout the world, the Group sales reached €9.5bn in 2008.
About Bouygues Batiment International:
Bouygues Batiment International is the international building branch of Bouygues Construction. The company performs construction on a turn-key basis, beginning from development of a concept, designing and includes the whole complex of building construction works up to the completion phase. To supplement its core businesses in design and construction, Bouygues Batiment International provides wide-ranging expertise and support to its public and private clients in finance, maintenance and operations. It has acquired a pre-eminent position in Public-Private Partnerships, with more than 12 years of experience in numerous countries, on projects ranging from civil works, hospitals, universities and Ministries to international airports.
For further information, kindly contact:
Symaa Abdullah
Brown Lloyd James - Doha
P.O. Box 8019, Doha, Qatar
Tel (Office): +974 465 7367
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