Tuesday 4 May 2010

Vinci, Qatari Diar In Qatar Parking Lot Joint Venture

French concessions and construction company Vinci SA (DG.FR) and the state-owned investment company Qatari Diar have agreed to create a joint venture to run parking lots in the Persian Gulf state, Vinci said Monday.

Qatari Diar will hold 51% and Vinci the remaining 49%, the company said in a statement.

The creation of the joint venture, called QDVP, is "a first fulfillment of the strategic partnership between Vinci and Qatari Diar," Vinci said.

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