Larsen & Toubro Ltd has secured a contract to build a $135 million stadium for Qatar's 2022 World Cup, an official told Reuters on Monday, a boost for the Indian firm facing a slowdown in its key Middle East market due to low oil prices. "As part of a joint venture, L&T will serve as a contractor building the 40,000 seat Al Rayyan stadium," said the Qatari government official, who declined to be named as he was not authorized to speak publicly. In May the company's group executive chairman said L&T was bidding for projects in the Asia and Africa to counter a slowdown in Middle Eastern markets which have been hurt by declining oil prices.
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