Infrastructure Consortium Forms Special Purpose Company for Major Project
Special Purpose Company for Joint Venture Infrastructure Development
Services Provided
The Challenge
A consortium of three international construction firms won a major infrastructure development contract in Qatar and needed to form a Special Purpose Company (SPC) as the project-specific vehicle for executing the contract. The SPC needed to accommodate three shareholders with different nationalities, comply with government procurement requirements, and have a defined life span tied to the project's completion timeline.
Our Solution
Structured the Special Purpose Company with a defined corporate duration matching the project timeline plus a two-year wind-down period, as permitted under Qatar's Commercial Companies Law.
Drafted the SPC's Articles of Association with project-specific governance provisions, including milestone-based capital contribution schedules, project committee decision-making protocols, and dispute resolution mechanisms.
Obtained all necessary approvals from MOCI and the contracting government authority, including the SPC's inclusion as the approved project entity.
Registered the SPC with the General Tax Authority, obtained the construction-specific activity license, and arranged project insurance coverage.
Processed 50+ work visas for the initial project mobilization team across engineering, project management, and construction disciplines.
The Results
- SPC fully incorporated and approved as the project entity within 7 weeks.
- Project mobilization commenced on schedule with all regulatory approvals in place.
- Work visa processing for 50+ staff completed within 6 weeks of SPC registration.
- Clear governance structure prevented shareholder disputes throughout the project execution phase.
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