A Qatari constructor, founded by a son of former al-Qaeda leader Osama bin Laden, has bolstered its bid to win contracts ahead of the 2022 soccer World Cup by forming a joint venture with Spain’s Coprosa.
Qatar Bin Laden Group will hold 51% of the new company, BC Group – to be based in Doha – and Coprosa 49%, chief executive Omar bin Laden said.
Qatar Bin Laden Group was founded two years ago by Omar bin Laden, son of Osama bin Laden.
"We want to be involved in the Doha Metro and other high-speed rail projects in Qatar, as well as hydraulics and water treatment plants. Coprosa has particular experience with high-speed rail projects, and we want to make use of that. We hope to be submitting proposals by the end of June," bin Laden said.
"There is a limited timeframe for projects in Qatar. It's all happening in the next 10 years, and we want to be involved as much as we can."
The Doha Metro project will include four rail lines and link stadiums for the 2022 World Cup which Qatar will host, with an underground component in the center of the Qatari capital.
Qatar, the world’s top liquefied natural gas exporter, has allocated 40%t of its budget between now and 2016 to infrastructure projects.