France's Vinci says Gulf rift not hurting its Qatar business
July 28 2017 01:57 PM
France
Xavier Huillard, chairperson of French construction group Vinci, speaks to the media in Paris on Friday.

Reuters/Paris

French construction group Vinci said on Friday that its Qatar business had seen no disruption at this stage after Saudi Arabia, Egypt, the United Arab Emirates (UAE) and Bahrain severed relations with Qatar last month.
Vinci operates in Qatar through its 49%-owned Qatari unit QDVC. It also counts the Arab state as its third-largest shareholder, with a stake of nearly 4%, according to Reuters data.
"For the moment, no disruption. Our projects are not disturbed. Qatar is rather looking for friends and this facilitates discussions on some projects," Chief Executive Xavier Huillard told an interim results news conference.
The four Arab states cut relations with Qatar on June 5, accusing the major gas-exporting Gulf state of financing terrorism and cozying up to Iran. Doha denies the charges. 



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