A consortium led by Spanish building company Sacyr has won a €415 million ($466 million) contract to design and build an urban area in Ras Bufontas area of Qatar.

The consortium, which also includes Qatar-based UCC (UrbaCon Trading & Contracting), was awarded the project by Manateq, an organization set up by the Qatari government to develop economic zones across the country.

The zone will be built in Ras Bufontas as a warehousing and logistics hub next to Hamad International Airport (HIA) terminal, just east of Al Wakrah Road. It will be 4.01 sq km in size and the smallest of three planned special economic zones.-Reuters