Al Khalij Commercial Bank (al khaliji) has extended its financing to a joint venture between Boom Construction Company and CAT International Qatar for the development of transmission pipelines for the Mega Reservoirs project around Doha, Qatar.

The total value of the project has exceeded QR900 million ($247 million), said a statement.

The project was recently awarded by Qatar General Electricity and Water Corporation (Kahramaa) and is considered as one of the major and significant infrastructure ventures, it said.

Fahad Al Khalifa, al khaliji group’s chief executive officer , said: ”We are proud of our continued contribution to the enhancement of Qatar's infrastructure. The financing of such projects, in collaboration with skilled local and international companies, is a key pillar of our bank’s mid-term strategy. We are keen to broaden our financing offerings and play an instrumental role in  our country’s progress.” - TradeArabia News Service