al khaliji co-arranged the financing of qr 653 million for consolidated contractors group

al khaliji co-arranged the financing of qr 653 million for consolidated contractors group

al khaliji has participated in the financing of QR 653 mm 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).

This strategic project valued at QR 6.5 bln 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.”