Leading Korean group Hyundai Engineering and Construction Company has been awarded a 613-billion-won ($530 million) contract to build a new office building in Qatar, according to a report.

As per the contract awarded by Lusail Real Estate Development Company, Hyundai E&C will build a 70-storey building in Lusail City Financial District by the end of October 2022, reported Yonhap.

The upcoming offce tower will also boast five underground floors, it stated.

Hyundai E&C has so far won orders worth $9.4 billion for 22 projects in Qatar since 1979, when the builder first clinched an order to build a hotel in Gulf country, it added.