Ellaktor lands major Doha metro project

Ellaktor subsidiary Aktor has secured the biggest construction project ever obtained by a Greek company abroad by signing the contract for the study and construction of the Gold Line Underground metro line in Doha, Qatar, worth 3.2 billion euros.

Aktor leads the ALYSJ JV consortium with a 32 percent stake. Sources say that the other participants in the consortium are India’s Larsen & Toubro, Turkey’s Yapi Merkezi and STFA, and Qatar’s Al Jaber Engineering. Gold Line will be one of four Doha metro lines and forms part of the preparations for the 2022 World Cup.

With this contract, the Ellaktor group will have outstanding projects of 3.9 billion euros, which will soon exceed 4 billion euros after the signing of new contracts for projects mainly in the Balkan market.

Sources say that the country’s recent return to the money markets and Greek banks’ gradual recovery of their lost prestige abroad will contribute decisively to Greek construction groups’ future participation in foreign project tenders.

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