CRCC nets con­tract for Qatar sta­dium

China Daily (USA) - - BUSINESS - By ZHONG­NAN zhong­nan@chi­nadaily.com.cn

China Rail­way Con­struc­tion Corp, one of the coun­try’s two big­gest rail con­struc­tion con­trac­tors by rev­enue, won a con­tract to build a sta­dium for Qatar’s WorldCupin 2022, the Sta­te­owned com­pany an­nounced onWed­nes­day.

The com­pany will form a joint ven­ture with Qatar­based HBK Con­tract­ing Co as main con­trac­tor for the sta­dium in Lu­sail, a coastal city in Qatar. CRCC will hold 45 per­cent of the shares in the ven­ture.

The con­struc­tion pe­riod is sched­uled for 40 months, and the con­tract value is $767 mil­lion.

The sta­dium will be used as a main venue to host the open­ing cer­e­mony, games, fi­nals and clos­ing cer­e­mony, ac­cord­ing to Qatar’s 2022 FIFA World Cup or­ga­niz­ing com­mit­tee.

“This is the first time for a Chi­nese in­fra­struc­ture project provider to build a World Cup venue,” said Zhuo Lei, chair­man ofCRCCIn­ter­na­tional Ltd, a sub­sidiary of CRCC.

In com­par­i­son with Bei­jing’s 91,000-seat Na­tional Sta­dium, know­nas the Bird’s Nest, the 92,000-seat sta­dium in Lu­sail is de­signed to be the world’s largest mem­brane-struc­ture build­ing, in­cor­po­rat­ing 45,000 square me­ters of mem­brane. About 100,000 met­ric tons of steel will be used dur­ing the con­struc­tion process.

“Even though it is still un­clear whether the Chi­nese men’s na­tional foot­ball team can take part in the World Cup in 2022 or not, we are fairly cer­tain that the World Cup 2022 will not lack Chi­nese el­e­ments with our con­struc­tion work,” CRCC said on it­sWeChat ac­count.

Wang He, vice-pres­i­dent of the China In­ter­na­tional Con­trac­tors As­so­ci­a­tion, which helps Chi­nese com­pa­nies with con­struc­tion business abroad, said Chi­nese sta­dium con­trac­tors need to pay spe­cial at­ten­tion to the high ex­pec­ta­tions of their for­eign clients, which some­times strug­gle to find suit­able ser­vice providers for their sta­di­ums af­ter­ward.

“The ser­vice business on th­ese projects can also gen­er­ate hand­some fi­nan­cial re­turns in the long-term run, be­cause most sta­di­ums are los­ing money as a re­sult of high utilities and main­tenance costs,” he said.

Ea­ger to en­hance their earn­ing abil­ity, other Chi­nese con­struc­tion com­pa­nies, in­clud­ing China State Con­struc­tion En­gi­neer­ing Cor­po­ra­tion and Shang­hai Con­struc­tion Group, have al­ready of­fered ser­vices from con­struc­tion to low-cost ser­vice so­lu­tions for sta­dium main­tenance in the Mid­dle East, Africa, Cen­tralAsia and South­east Asia.

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