South Korean builder Daewoo E&C has been awarded a $590-million contract for expansion and construction of the E-Ring expressway in Qatar. It is likely to be completed by the end of 2020, said a report.

As per the deal, the South Korean construction firm will add a 4.5-km extension to the country's E-Ring expressway, while also building 4 km of roads with three multilevel intersections, according to Yonhap.

The South Korean firm was initially awarded the project in 2016 for $730 million. But after changes to the original plan, the deal was signed this week for $590 million, stated the report citing a senior official .

"With the deal signed this week, the company now has a strong chance to win additional projects ahead of the 2022 Fifa World Cup in Qatar," he added.