The project will generate foreign exchange through profits, payment for inputs and worker remittances.
The SEC, a government-owned firm, will handle the entire management of the two-year project, Senaratne told a news conference Friday.
The Sri Lankan government has to provide a 5.2 billion rupee guarantee for the project and the foreign client will provide a 20 percent advance bond at the beginning, Senaratne says.
A five percent performance bond by the SEC is also required for the project.
Senaratne said the SEC workers would be paid the standard Qatar wage rates and their remittances would help increase the island's foreign exchange earnings.
The island depends heavily on remittances of workers, mainly housemaids, and now increasingly construction workers, for foreign exchange earnings.
As a means