Qatar to get $450m shipyard

A joint venture between companies from Singapore and Qatar will manage its design, construction and operation.

    The 43-hectare shipyard is part of the expansion
    plans for Ras Laffan port 

    It said the remaining 20 per cent will be owned by KS Investments, a wholly-owned subsidiary of Keppel Offshore and Marine.
    The proposed shipyard - part of the expansion of Ras Laffan port in the Arabian Gulf - is expected to begin operation in 2010.

    SOURCE: Agencies


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