Box Office Ticket Sales

Hyder To Hire 500 In Run-up To Qatar World Cup

Qatar has allocated 40 percent of its budget between now and 2016 to infrastructure projects.

Qatar has allocated 40 percent of its budget between now and 2016 to infrastructure projects.

Hyder Consulting is to hire up to 500 engineers in the Middle East as it gears up for new work in the region ahead of the 2022 World Cup in Qatar, it has been reported.

The design consultancy, which built the world’s tallest building, the Burj Khalifa, said it will employ engineering talent off the UK, Germany and Ireland, Graham Reid, UK regional managing director told theFinancial Times.

The firm, one of several Western engineering firms shifting its focus to the Middle East amid a slowdown in Europe, has won several contracts in Qatar and Saudi Arabia. New projects include an GBP£80m contract to design roads and drainage in Doha and a three year advisory commission from Jeddah Municipality.

Qatar has allocated 40 percent of its budget between now and 2016 to infrastructure projects as it prepares to host the FIFA World Cup in 2022. The Gulf state, which plans to spend US$20bn on roads and US$11bn on a new international airport, is due to announce many of the contracts this autumn.

London-based Hyder, which specialises in transport, property, utilities and environmental sectors, said its 2011 adjusted operating profits for the Middle East increased 50 percent to GBP£3.9m (US$6m) from GBP£2.6m a year earlier. Middle East revenue for the year ending March 31 was GBP£63.8m down from GBP£65.5m a year earlier.
Source: arabianbusiness.com

Short URL: http://woodlawnpost.com/?p=53486

Posted by on Jun 26 2012. Filed under Sports. You can follow any responses to this entry through the RSS 2.0. Both comments and pings are currently closed.

Comments are closed

Featured Links

    Search Archive

    Search by Date
    Search by Category
    Search with Google

    Photo Gallery

    [Most Recent Quotes from www.kitco.com] Ferrari logo Ferrari Store Spring/Summer 2013 Ferrari logo [Most Recent Quotes from www.kitco.com]
    Log in | Original Concept by Woodlawn Post© 2011 ALL RIGHTS RESERVED

    Social Widgets powered by AB-WebLog.com.