CONSTRUCTION NEWS
Qatar plan to build LED factory ‘on track’
Aug 15, 2018 8:44 AM
Qatar s plan to establish a light emitting diode (LED) manufacturing facility in collaboration with a South Korean consortium remains on track said a report citing a top official at the South Korean embassy...
Qatar’s plan to establish a light emitting diode (LED) manufacturing facility in collaboration with a South Korean consortium remains on track, said a report, citing a top official at the South Korean embassy in Doha.
A South Korean consortium comprising some 11 small and medium companies specialising in LED technology are still in discussion with their local counterparts, including Qatar Development Bank (QDB), Jungsik Choi, first secretary, was quoted in a Gulf Times report.
The project, which was expected to be operational by the end of 2017, has faced a series of delays since details of the plan were announced in 2014, stated the report.
“Qatar Development Bank, which provides around 70 per cent of the investments, had asked the South Korean consortium to renew the manufacturing facility’s feasibility study. With a smaller GCC market now, there was a need to determine ways to secure a larger market volume,” said Choi.
“The project is still on track. In fact, the Qatari government had already identified a location site for the LED manufacturing plant,” he added.
 + 10000000) + '&millis=' + new Date().getTime() + '&referrer=' + encodeURIComponent((window != top && window.location.ancestorOrigins) ? window.location.ancestorOrigins[window.location.ancestorOrigins.length - 1] : document.location) + ')
 + 10000000) + '&millis=' + new Date().getTime() + '&referrer=' + encodeURIComponent((window != top && window.location.ancestorOrigins) ? window.location.ancestorOrigins[window.location.ancestorOrigins.length - 1] : document.location) + ')
CONSTRUCTION NEWS
Tadano delivers 7 truck cranes to Galfar Al Misnad for Qatar Mar 28, 2024 14:18 PM
Tadano has announced the delivery of seven truck cranes to Galfar...
Qatar's Barwa Real Estate Group appoints new CEO Mar 26, 2024 09:55 AM
Qatar s Barwa Real Estate Group has appointed Ahmed Mohamed Al Tayeb...
Invest Qatar showcases real estate investment opportunities at MIPIM Mar 19, 2024 20:08 PM
The Investment Promotion Agency Qatar (Qatar Invest) showcased some...
Elsewedy wins EPC contract for major Qatar cable project Mar 16, 2024 08:24 AM
Elsewedy Cables an Egyptian electrical company has announced that...
QatarEnergy breaks ground on $6bn petrochemical complex Feb 21, 2024 11:39 AM
HH Sheikh Tamim bin Hamad Al Thani Amir of the State of Qatar laid...
Lusail Museum construction work to begin this year Feb 6, 2024 17:24 PM
Qatar is expected to begin construction work on the new Lusail Museum...