DOCSLIB.ORG

2022 FIFA World Cup in Qatar: Business Framework and Opportunities Market Note — November 2016

Total Page：16

File Type：pdf, Size：1020Kb

Download full-text PDF Read full-text
2022 FIFA World Cup in Qatar: Business Framework and Opportunities Market Note — November 2016 2022 FIFA World Cup in Qatar: Business Framework and Opportunities Market Note — November 2016 UAE | Libya | Bulgaria | USA www.whisperingbell.com 2022 FIFA World Cup in Qatar: Business Framework and Opportunities - November 2016 Executive Summary The FIFA World Cup in Qatar has sparked a profusion of new projects. Not only must new sporting facilities be created to enable the large number of simultaneous matches to be held, but all manner of existing Qatari infrastructure must be upgraded in anticipation of the massive crowds that will come to view the games, eat, drink and sleep in the country and visit local tourist attractions between games. Thus, while many projects are new, other already-planned upgrades have been accelerated and scaled up. We found projects across the board, whether in hospitality, transport into and around the country, or water, electricity, sewerage or other resource infrastructure, and more are being tendered all the time. We have counted at least $80 billion in projects just enumerated in this paper, with the names of the prime and subcontracting entities, and we believe that there are perhaps as many other projects yet to be bid or that we have not specifically enumerated. We do, however, lay out the structure of the governing entities and overall approach so that interested companies in the infrastructure, construction, logistics, architecture and procurement industries will find it easy to insert themselves into the evolving market. Whispering Bell MEA DMCC, PO Box 487151, Dubai, United Arab Emirates. Tel: +9714 448 6690 www.whisperingbell.com 2022 FIFA World Cup in Qatar: Business Framework and Opportunities - November 2016 Background: Qatar’s Fiscal Situation and the 2022 FIFA World Cup In Dec 2015, Qatar announced that it expected to post a fiscal deficit of USD 12.8 billion in 2016—the first budgetary shortfall in The Qatari Government retains deep financial fifteen years (i.e. a fiscal deficit of 4.9% of GDP in 2016). The reserves, enabling it to continue spending on government also announced spending cuts in certain areas major infrastructure within government departments. The energy-rich Gulf nation projects related to the 2022 FIFA World Cup has faced persistently low oil and gas prices, which have dented government revenues. While Qatar may need to tap sovereign debt markets to finance the expected deficit, it remains committed to financing mega projects in the lead up to the 2022 FIFA World Cup. These will include spending on major infrastructure projects, perhaps up to USD 200 billion over the next decade. Despite the slowdown in revenues, the Qatari Government retains deep financial reserves, which will enable it to continue spending on major infrastructure projects related to the 2022 FIFA World Cup Key Entities/Organizations Related to the 2022 FIFA World Cup The major infrastructure projects related to the 2022 FIFA World Cup in Qatar are being driven through various layers of oversight, strategic advisory, regulation and delivery. The Supreme Committee for Delivery and Legacy (SC), along with its stakeholders, is the main coordinating body responsible for ensuring the successful completion of projects and their broader alignment with Qatar Vision 2030. In Oct 2012, the SC signed five key stakeholder agreements with the major Qatari entities who would drive the main subsets of the work: Qatar Public Works Authority (Ashghal), Qatar General Electricity and Water Corporation (Kahramaa), Aspire Zone Foundation, Qatar Rail and Qatari Diar. Bidding for contracts under these authorities is accessible via online registration, although some opportunities are invitation only. It is also important to note that the majority of prime contracts for major infrastructure projects have already been awarded by these entities. However, we expect that many opportunities remain to subcontract under the prime contractors working for the SC and the key stakeholders. And there are of course other stakeholders outside of the core circle of five main drivers. Five key stakeholders. Below, we provide an overview of the SC, the key stakeholders, and their main project objectives: Whispering Bell MEA DMCC, PO Box 487151, Dubai, United Arab Emirates. Tel: +9714 448 6690 www.whisperingbell.com 2022 FIFA World Cup in Qatar: Business Framework and Opportunities - November 2016 The Supreme Committee for Delivery and Legacy (SC) is the primary entity responsible for proposed tournament venues and other projects for the 2022 FIFA World Cup. The SC is also The majority of prime contracts for major responsible for ensuring that all projects and infrastructure projects have already been preparations for the 2022 FIFA World Cup are in line with awarded. However, we Qatar National Vision 2030. The SC’s stated goals include expect many opportunities remain to effective program management of infrastructure subcontract. construction, streamlining the regulatory framework, the integration of Qatari culture into hosting plans, and the maintenance of high environmental/sustainability standards, among others. Hassan Al-Thawadi was appointed as Secretary General of the SC in Mar 2011 after holding the position of CEO of Qatar’s 2022 Bid Committee. The SC is both an oversight and delivery committee, and prospective vendors can register with the SC on their website at the following link: http://www.sc.qa/supplier/registration#step2 The Qatar Public Works Authority (Ashghal) was established in 2004 and is responsible for the planning, procurement, construction, and management of all infrastructure projects and public buildings in Qatar. One of Ashghal’s key projects is the Qatar Expressway Programme, which will add more than 900km of new roads connecting the country. Ashghal is also responsible for the USD 2.7 billion Inner Doha Resewerage Implementation Strategy (IDRIS) and the USD 14.6 billion Local Roads and Draining Programme. Prospective vendors can register with Ashghal on their website at the following link: http://www.ashghal.gov.qa/en/Pages/CompanyRegisteration.aspx The Qatar General Electricity and Water Corporation (Kahramaa) was founded in July 2000 to regulate the supply of water and electricity to customers and is a key stakeholder for the SC. Siemens WLL—Siemens’ entity in Qatar—signed a USD 188 million contract with Kahramaa in Mar 2012 for the provision of equipment for Phase 10 of the Qatar Power Transmission System Expansion. Prospective vendors can register with Kahramaa on their website at the following link: https://www.km.com.qa/Business/Pages/Registration.aspx Whispering Bell MEA DMCC, PO Box 487151, Dubai, United Arab Emirates. Tel: +9714 448 6690 www.whisperingbell.com 2022 FIFA World Cup in Qatar: Business Framework and Opportunities - November 2016 The Aspire Zone Foundation is the sporting entity responsible for the delivery of two stadiums (Khalifa International and Al-Bayt), including tendering and contractor selection. In July 2015, Aspire Zone Foundation awarded a USD 861 million Al-Bayt Stadium construction contract to Salini Impregilo Group in a joint venture with Galfar and Cimolai. Prospective vendors can register with Aspire Zone Foundation on their website at the following link: http://www.aspirezone.qa/vendor-management.aspx?lang=en. Qatar Rail is a key stakeholder for the SC and is developing the Doha Metro and Lusail Tram, which will connect the stadiums of the 2022 FIFA World Cup. Prospective vendors can register with Qatar Rail on their website at the following link: https://www.qr.com.qa/English/Procurement/Pages/Supplier.aspx. Qatari Diar was established in 2005 as the real estate development arm of Qatar’s sovereign wealth fund known as the Qatar Investment Authority. Qatari Diar is a key stakeholder for the SC and is responsible for the delivery of the USD 46 billion Lusail City ahead of the 2022 FIFA World Cup. Basic Framework of the SC and its Key Stakeholders Supreme Committee for Delivery and Legacy (SC) Qatar General Qatar Public Electricity and Aspire Zone Works Authority Water Qatar Rail Qatari Diar Foundation (Ashghal) Corporation (Kahramaa) Other key committees and ministries. In addition to the SC and its five key stakeholders, other committees and ministries play an important role in advisory roles and in the delivery of infrastructure projects and event coordination. We have provided a summary of these entities below: Whispering Bell MEA DMCC, PO Box 487151, Dubai, United Arab Emirates. Tel: +9714 448 6690 www.whisperingbell.com 2022 FIFA World Cup in Qatar: Business Framework and Opportunities - November 2016 Local Organizing Committee (LOC) was established as the event organizer and coordinator between the SC and FIFA. The LOC has not fully mobilized yet but any potential business opportunities will be on a much smaller scale relative to the major infrastructure projects connected to the SC. The Ministry of Municipality and Environment (MME) is an important ministry involved in major infrastructure projects. In Aug 2016, the MME signed a USD 2.1 billion deal with Turkish Tekfen Holding Construction Company to build the 34km, ten-lane Al- Khor Expressway—one of the largest infrastructure project in the world—which will connect the capital Doha to Lusail, Al-Khor and the new 2022 FIFA World Cup stadiums. The MME publishes open tenders online at the following link: http://www.mme.gov.qa/cui/view.dox?id=693&siteID=2 The Ministry of Transport and Communications is responsible for overseeing new projects related to land and sea transport, as well as the improvement of transportation infrastructure in general, for the enhancement of economic activity. The Ministry of Transport and Communications works with the Public Works Authority (Ashghal) responsible for billions of dollar of infrastructure projects. Prospective vendors for the Ministry of Transport and Communications first require an invitation letter from the ministry before registering online at the following link: http://portal.www.gov.qa/wps/portal/services/inviduallandingpages/e- tendering/government+e-tendering+portal The New Port Project Steering Committee is responsible for the development of Hamad Port, the Qatari Emiri Naval Forces Base and Qatar Economic Zone 3.
Load more

Recommended publications
  • Highlights of Qatar; Places to Visit, Things to Do, Where to Eat?
    Highlights of Qatar; Places to visit, things to do, where to eat? There are a number of attractions and activities within easy reach of the Marriott Marquis Hotel: we are highlighting some here for your convenience. During the conference, you may also ask our volunteers who will be around to make your visit most memorable. Looking forward to welcoming you in Qatar, Ilham Al-Qaradawi; 9ICI Chair Hotspots and Highlights Doha Corniche (10 minutes) A seven-kilometre long waterfront promenade around Doha Bay, the Corniche offers spectacular views of the city, from the dramatic high-rise towers of the central business district to the bold shapes of the Museum of Islamic Art. Traditional wooden dhows lining the Bay evoke echoes of Qatar’s great seafaring past. The Corniche provides a green, vehicle-free pedestrian space in the heart of the capital. Katara (10 minutes) An innovative interpretation of the region’s architectural heritage, this purpose- built development’s impressive theatres, galleries and performance venues stage a lively year-round programme of concerts, shows and exhibitions. Among Katara’s recreational attractions are a wide choice of dining options, including top class restaurants offering a variety of cuisines, and a spacious, well- maintained public beach with water sports. The Pearl (10 minutes) The Pearl-Qatar is a man-made island off the West Bay coast featuring Mediterranean-style yacht-lined marinas, residential towers, villas and hotels, as well as luxury shopping at top brand name boutiques and showrooms. A popular dining spot, its waterfront promenades are lined with cafes and restaurants serving every taste – from a refreshing ice cream to a five-star dining experience.
    [Show full text]
  • Qatar 2022 Overall En
    Qatar Population Capital city Official language Currency 2.8 million Doha Arabic Qatari riyal (English is widely used) Before the discovery of oil in Home of Al Jazeera and beIN 1940, Qatar’s economy focused Media Networks, Qatar Airways on fishing and pearl hunting and Aspire Academy Qatar has the third biggest Qatar Sports Investments owns natural gas reserves in the world Paris Saint-Germain Football Club delivery of a carbon-neutral tournament in 2022. Under the agreement, the Global Carbon Trust (GCT), part of GORD, will Qatar 2022 – Key Facts develop assessment standards to measure carbon reduction, work with organisations across Qatar and the region to implement carbon reduction projects, and issue carbon credits which offset emissions related to Qatar 2022. The FIFA World Cup Qatar 2022™ will kick off on 21 November 2022. Here are some key facts about the tournament. Should you require further information, visit qatar2022.qa or contact the Supreme Committee for Delivery & Legacy’s Tournament sites are designed, constructed and operated to limit environmental impacts – in line with the requirements Media Team, [email protected]. of the Global Sustainability Assessment System (GSAS). A total of nine GSAS certifications have been awarded across three stadiums to date: 21 November 2022 – 18 December 2022 The tournament will take place over 28 days, with the final being held on 18 December 2022, which will be the 15th Qatar National Day. Eight stadiums Khalifa International Stadium was inaugurated following an extensive redevelopment on 19 May 2017. Al Janoub Stadium was inaugurated on 16 May 2019 when it hosted the Amir Cup final.
    [Show full text]
  • AMJAD ALI KHAN GHORI Flat 2, 169 Sussex Gardens W2 2RH London, UK [email protected] +44 7736 842 397 Professional Experien
    AMJAD ALI KHAN GHORI Flat 2, 169 Sussex Gardens W2 2RH London, UK [email protected] +44 7736 842 397 Professional Experience GLOBAL VENTURE CONSULTING (GV) Mar 2019 - Present Consultant / Senior Banker – Core Team Member working on GV’s Transaction Advisory contract with USAID / DAI INVEST to advise, analyse, structure, and document Chromite and Talc mining and processing projects in Afghanistan to get them “investment ready” to attract Afghan and non-Afghan equity investors. At the request of Afghanistan’s Ministry of Mining and Petroleum (“MoMP”) GV has been asked to review bid documents and prepare an Approval Package supporting MoMP’s choice of Preferred Bidder. NUCLEAR ECONOMICS CONSULTING GROUP (NECG) Jan 2018 – Present Affiliate – One of several Nuclear energy experts providing nuclear project development and investment-decision support on a global basis through periodic submissions of position papers (ie., Response to Inquiry on Financing Energy Infrastructure issued by the UK Parliament Business, Energy, and Industrial Strategy (BEIS) Committee on 3 April 2019) and leading IAEA Workshops in the US, France, Poland and Sri Lanka on a range of topics, including: Financing Nuclear Power Projects; UK CfD; Potential Financing Options for SMRs; Developing a Bankable Feasibility Study; and Financing Sources for NPPs. UK – BEIS Jan 2018 – Jun 2018 Member – Expert Finance Working Group (EFWG) – Part of a small, select group of nuclear sector experts assembled under the aegis of BEIS to develop a set of recommendations on Government
    [Show full text]
  • Annual Financial Report 31.12.2018
    AVAX S.A. Annual Financial Statements for the financial year January 1st to December 31st , 2018 (pursuant to Article 4 of Law 3556/2007) AVAX S.A. Company's Number in the General Electronic Commercial Registry :913601000 (former Company's Number in the Register of Societes Anonymes: 14303/06/B/86/26) 16 Amaroussiou-Halandriou str., 151-25, Marousi, Greece INDEX Pages A) Statements of the Board of Director’s Members 4 B) Annual Report of the Board of Director’s 5 C) Independent Auditor’s Report 56 D) Annual Financial Statements 64 The Annual Financial Statements presented through pages 1 to 142 both for the Group and the Parent Company, have been approved by the Board of Directors on 25th of April, 2019. Chairman & Deputy Chairman Managing Director Group CFO Chief Accountant Executive & Executive Director Director CHRISTOS KONSTANTINOS KONSTANTINOS ATHENA GEORGE JOANNOU KOUVARAS MITZALIS ELIADES GIANNOPOULOS I.D.No. 889746 I.D.No. ΑI 597426 I.D.No. AN033558 I.D.No. 550801 I.D.No. AI 109515 2 Annual financial reporting WEBSITE WHERE THE COMPANY’S AND CONSOLIDATED FINANCIAL STATEMENTS ARE AVAILABLE We hereby certify that the attached Annual Financial Statements, which are an integral part of the annual financial report of article 4 of Law 3556/2007, are those approved by the Board of Directors of "AVAX SA" on 25.04.2019 and have been published by posting them on the internet, at (www.jp-avax.gr), as well as on the Athens Stock Exchange web site, where they will remain at the disposal of the investing public for at least ten (10) years from the date of their compilation and disclosure.
    [Show full text]
  • Qatar and Korea – a Role Model for Strong Bilateral Relations
    Special Supplement Thursday, October 01, 2020 Qatar and Korea – A role model for strong bilateral relations extend my heartfelt greetings to the Korean community and Its gradual approach helped people go through difficult times conversation to discuss friends of Korea in the State of Qatar on the occasion of with confidence and resilience. Taking this opportunity, I would the bilateral relations and Ithe 4,353rd Gaecheonjeol, the Korean National Foundation like to renew my appreciation to the government of the State cooperation amid this Day that falls on October 3rd. The word Gaecheonjeol, the of Qatar and many people in the healthcare and medical field pandemic. Korean name for this holiday, literally means “the day heaven for creating a safe environment and helping people stay safe. I am particularly pleased opened”, the birth of Gojoseon that is the first kingdom of The State of Qatar is one of Korea’s most important friends. that Korea partnered with the Korean peninsula. Koreans regard ‘Gaecheonjeol’ as the Both countries have been enjoying strong and enduring Qatar in our common effort day when the nation’s long history began. The philosophy of friendships over decades, and we attach great importance to to combat this virus, and this first kingdom was ‘hongik ingan’, which aims to benefit all this mutually beneficial partnership. very much honored to mankind. This national day makes us reflect the long history be part of this friendship of Korea and rethink about our future-oriented vision that will Qatar is the largest source of LNG supply to Korea, and Korea and partnership between benefit all.
    [Show full text]
  • Qnbfs.Com.Qa [email protected] [email protected]
    ` QSE Intra-Day Movement Market Indicators 04 May 20 03 May 20 %Chg. Value Traded (QR mn) 439.1 401.1 9.5 9,300 Exch. Market Cap. (QR mn) 524,628.9 522,433.1 0.4 Volume (mn) 182.1 168.8 7.8 9,250 Number of Transactions 10,151 10,143 0.1 Companies Traded 46 44 4.5 9,200 Market Breadth 24:14 30:9 – 9,150 Market Indices Close 1D% WTD% YTD% TTM P/E Total Return 17,786.80 0.4 4.3 (7.3) 14.6 9:30 10:00 10:30 11:00 11:30 12:00 12:30 13:00 All Share Index 2,867.99 0.5 3.7 (7.5) 15.3 Banks 3,999.53 0.6 2.6 (5.2) 13.1 Industrials 2,628.79 0.5 7.1 (10.3) 20.9 Qatar Commentary Transportation 2,653.96 0.0 3.8 3.9 12.9 The QE Index rose 0.4% to close at 9,252.1. Gains were led by the Consumer Goods & Real Estate 1,401.96 (0.1) 2.7 (10.4) 13.9 Services and Banks & Financial Services indices, gaining 1.1% and 0.6%, Insurance 2,008.34 (0.7) (0.7) (26.6) 33.7 respectively. Top gainers were Doha Insurance Group and Qatari German Company Telecoms 890.29 (0.7) 7.4 (0.5) 15.0 for Medical Devices, rising 6.3% and 5.4%, respectively. Among the top losers, Qatar Consumer 7,450.84 1.1 5.3 (13.8) 19.0 General Insurance & Reinsurance Co.
    [Show full text]
  • Qatar Real Estate Q1, 2020
    Qatar Real Estate Q1, 2020 www.alasmakhrealestate.com Indicators Q1 2020 Micro Economics – Current Standings Steady increase in population partially supports the deMand for housing. Delay in delivery of under Total Population* GDP at Current Price* construction projects is expected due to outbreak of pandeMic in the region. 2,795,484 QAR 163.45 Billion Office supply in new CBD areas mounts pressure on * Mar 2020 * Q2 2019 price correction in old town business districts. Operation of Doha Metro in the vicinity of priMe Malls Industrial adds on to increased footfall. Producer Price Index* Production Index* GovernMent supports hospitality sector by 61.4 points 109.6 points converting hotels to quarantine centers. Ref: QSA * Sep 2019 * Aug 2019 Overall land rates are stabilizing across Qatar. No of Properties Sold Municipalities 923 Value of Properties Sold Al Shamal QAR 6.06 Billion Al Khor Ref: MDPS For the period December 2019. January 2020 and February 2020 Al Daayen Real Estate Price Index (QoQ) Umm Slal Doha 300 8.0% Al Rayyan 250 6.0% 4.0% 200 2.0% 150 0.0% -2.0% Al Wakra 100 -4.0% 50 -6.0% 0 -8.0% Jul-17 Jul-18 Jul-19 Jan-17 Jan-18 Jan-19 Sep-17 Sep-18 Sep-19 Mar-17 Nov-17 Mar-18 Nov-18 Mar-19 Nov-19 May-17 May-18 May-19 Ref: QCB 2 Residential Q1 2020 YTD Snapshot Supply in Pipeline Expected Delivery Overall Available Units 360,000 90,000 units 2020 Q1 2020 Villa Occupancy 72%* Median Selling Price Median Rental Rate ApartMent Occupancy QAR 10,500 PSF QAR 6,500 (2BR) 60%* Ref: AREDC Research Current Annual Yield Key DeMand Drivers 4.9%* * Average 25% 13% GovernMent Companies Residential Concentration GovernMent and coMpanies are taking residential units for their employees under HRA.
    [Show full text]
  • World Bank Document
    Public Disclosure Authorized MIDDLE EAST AND NORTH AFRICA REGION 2008 REGIONAL Economic INTEGRATION FOR Public Disclosure Authorized Developments GLOBAL and Prospects COMPETITIVENESS Public Disclosure Authorized Public Disclosure Authorized © 2009 The International Bank for Reconstruction and Development / The World Bank 1818 H Street, NW Washington, DC 20433 Telephone 202-473-1000 Internet www.worldbank.org E-mail [email protected] All rights reserved. This volume is a product of the Chief Economist’s Office of the Middle East and North Africa Region of the World Bank. The findings, interpretations, and conclusions expressed herein are those of the author(s) and do not necessarily reflect the views of the Board of Executive Directors of the World Bank or the governments they represent. The World Bank does not guarantee the accuracy of the data included in this work. The boundaries, colors, denominations, and other information shown on any map in this work do not imply any judgment on the part of the World Bank concerning the legal status of any territory or the endorsement or acceptance of such boundaries. Rights and Permissions The material in this work is copyrighted. Copying and/or transmitting portions or all of this work without permission may be a violation of applicable law. The World Bank encourages dissemination of its work and will normally grant permission promptly. For permission to photocopy or reprint any part of this work, please send a request with complete information to the Copyright Clearance Center, Inc., 222 Rosewood Drive, Danvers, MA 01923, USA, telephone 978-750-8400, fax 978-750-4470, www.copyright.com.
    [Show full text]
  • Joannou & Paraskevaides Airport Projects
    1 AIRPORT PROJECTSYEARS Joannou & Paraskevaides Group International Building and Engineering Contractors Contents Introduction 7 Company History 8 Group’s Office Addresses 10 Major Airport Projects Emirates Airline New Engineering Center, Dubai 14 Queen Alia International Airport, Amman, Jordan 16 King Fahd International Airport, Dammam, Saudi Arabia 18 Allama Igbal International Airport, Lahore, Pakistan 22 Eleftherios Venizelos International Airport, Athens, Greece 24 Abu Dhabi International Airport, U.A.E. 26 Seeb International Airport, Muscat, Sultanate of Oman 28 Royal Flight Complex, Muscat, Sultanate of Oman 29 Thumrait Airbase, Sultanate of Oman 30 Salalah Airport Complex, Sultanate of Oman 31 Denver International Airport, Denver, Colorado, USA 32 L.A. International Airport, Los Angeles, California, USA 33 Sky Harbor International Airport, Phoenix, Arizona, USA 34 Complete List of Airport Contracts Sultanate of Oman 36 Saudi Arabia 39 Pakistan 40 Libya 41 United Arab Emirates 42 Greece 43 Jordan 44 United States of America 45 Introduction J&P have been building airports for nearly 50 years. engineering to the limits, and the sheer scale and quality From the successful completion of the RAF station and of the work commissioned was a huge technical and Airport in El Adem, Libya, in 1967, and the contract to logistical challenge that brought out the best in J&P. resurface and extend the Dhahran Airport in Saudi Arabia, Today, the magnificent Airport complex – delivered in 1969, the company has been building a solid base in perfectly
    [Show full text]
  • Experience Record Important Completed Projects
    EXPERIENCE RECORD IMPORTANT COMPLETED PROJECTS Ser. CONTRACT DATE VALUE OF REF . NO . NAME OF PROJECT CLIENT'S NAME CONSULTANT LOCATION No STRART FINISH PROJECT / QR Artline & James Cubitt & 1 J/149 Masjid for H.E. Ghanim Bin Saad Al Saad Awqaf Dept. Dafna 12‐10‐2011/31‐10‐2012 68,527,487.70 Partners Road works, Parking, Landscaping, Shades and Development of Al‐ 22‐08‐2010 / 21‐06‐2012 2 MRJ/622 Jabel Area in Dukhan. Qatar Petroleum Qatar Petroleum Dukhan 14,428,932.00 Road Improvement Works out of Greater Doha Access Roads to ASHGHAL Road Affairs Doha, Qatar 48,045,328.17 3 MRJ/082 15‐06‐2010 / 13‐06‐2012 Farms and Villages, Contract No. IA 09/10 C89G Construction and Upgrade of Emergency/Approach Roads to Arab 4 MRJ/619 Qatar Petroleum Atkins Dukhan 27‐06‐2010 / 10‐07‐2012 23,583,833.70 D,FNGLCS and JDGS within Dukhan Fields,Contract No.GC‐09112200 Aspire Zone Foundation Dismantling, Supply & Installation for the 01‐01‐2011 / 30‐06‐2011 5 J / 151 Aspire Logistics Aspire Logistics Aspire Zone 6,550,000.00 Tower Flame Image at the Sport City Torch Tower in Aspire Zone Extension to be issued Design, Supply, Installation.Commission and Testing of 6 J / 155 Enchancement and Upgrade Work for the Field of Play Lighting Aspire Logestics Aspire Logestics Aspire Zone 01‐07‐2011 / 25‐11‐2011 28,832,000.00 System for Aspire Zone Facilities (AF/C/AL 1267/10) Maintenance of Roads Within Al Daayen Municipality Area (Zones 7 MRJ/078 Al Daayen Municipality Al Daayen 19‐08‐2009 / 11‐04‐2011 3,799,000.00 No.
    [Show full text]
  • AVAX Annual Financial Report 31.12.2015
    J&P – AVAX S.A. Annual Financial Statements for the financial year January 1st to December 31st , 2015 J&P – AVAX S.A. Company's Number in the General Electronic Commercial Registry :913601000 (former Company's Number in the Register of Societes Anonymes: 14303/06/B/86/26) 16 Amaroussiou-Halandriou str., 151-25, Marousi, Greece INDEX Pages Table of Contents of the Annual Financial Statements A) Statement by the Directors of the Board 3 B) Annual Report of the Board of Directors 4 C) Corporate Governance Statement 18 D) Explanatory Report of the Board of Directors 26 E) Independent Auditor’s Report 28 F) Annual Financial Statements for the financial year January 1st to December 31st 2015 29 G) Notes and Accounting Policies 34 The Annual Financial Statements presented through pages 1 to 88 both for the Group and the Parent Company, have been approved by the Board of Directors on 30th of March, 2016. Chairman Deputy Chairman Vice Chairman & Executive Chief Accountant & Executive Managing Director Director & Director Group CFO CHRISTOS KONSTANTINOS KONSTANTINOS ATHENA GEORGE JOANNOU KOUVARAS MITZALIS ELIADES GIANNOPOULOS I.D.No. 889746 I.D.No. ΑI 597426 I.D.No. Ξ547337 I.D.No. 550801 I.D.No. AI 109515 2 STATEMENTS OF MEMBERS OF THE BOARD OF DIRECTORS (in accordance with article 4, paragraph 2c of Law 3556/2007) In our capacity as executive members of the Board of Directors of J&P-AVAX SA (the «Company»), and according to the best of our knowledge, we, 1. Joannou Christos, Chairman 2. Kouvaras Constantinos, Deputy Chairman and Executive Director 3.
    [Show full text]
  • Days to Go: Lation
    Sakkari QatarTribune Qatar_Tribune shocks QatarTribuneChannel qatar_tribune Osaka to storm into Miami Open semis PAGE 15 THURSDAY, APRIL 1, 2021 Ahmad Bin Ali Stadium Al Janoub Stadium Khalifa International Stadium TRIBUNE NEWS NETWORK hospitality. This uniquely Qatari stadium comes complete DOHA with a state-of-the-art retractable roof and is surrounded by 400,000m² of green spaces for the local community. ARCH 31, 2021 marked the 600-day count- The venue will host nine matches through to the semi- down to the FIFA World Cup Qatar 2022™. finals stage of Qatar 2022. THE first WorldC up in the Middle East and Construction update: The stadium structure has Arab world will kick off on 21 November and been completed and is ready to host matches. This in- Mconclude 28 days later on 18 December – Qatar National cludes the laying of the stadium pitch in record time. This Day. Qatar’s infrastructure plans are well advanced. Four year, the venue achieved a high sustainability rating from stadiums have been inaugurated, the new metro system GSAS. The surrounding Al Bayt Park opened on Qatar is up and running, and a host of expressways have been National Sports Day in February 2020. built. Here’s a closer look at the eight stadiums which will host matches during Qatar 2022. Khalifa International, Al Janoub, Education City and Ahmad Bin Ali have all Al Thumama Stadium hosted major matches, while the construction of Al Bayt Capacity: 40,000 has been completed. Along with Al Bayt, Al Thumama and Designer: Arab Engineering Bureau Ras Abu Aboud are set to be inaugurated during 2021, Distance from Doha city centre: 12km (7 miles) while the venue for the Qatar 2022 final, Lusail, is set to With a design inspired by the ‘gahfiya’, a traditional open early next year.
    [Show full text]