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LEIGHTON TO MERGE GULF REGION UNIT WITH UAE FIRM.
SYDNEY, Sept 3 Asia Pulse - Engineering and construction firm, Leighton Holdings Ltd (ASX:LEI) will merge its gulf region division with United Arab Emirates company, Al Habtoor Engineering, investing $A879 million ($US716.52 million) for a 45 per cent stake in the new entity.
In a press statement this morning, Leighton said the merged company, Al Habtoor-Leighton, would become one of the region's largest multi-disciplined contractors, allowing both companies to increase capacity.
"Al Habtoor is regarded as one of the leading builders in the region. Their track record in large-scale building projects is second to none and this complements our expertise in large-scale civil infrastructure projects," ...
- AUSTRALIAN CONSTRUCTION FIRM LEIGHTON BUYS 45% OF AL HABTOOR.
- News wire article from: AsiaPulse News September 4, 2007 700+ words
...and Gulf subsidiary Leighton International will...operations with Al Habtoor. The combined entity...contract in Abu Dhabi. Leighton said its Al Habtoor investment would...hotel. Links between Leighton and Al Habtoor go back to 1986...
- Qatar: Leighton s Al Habtoor Unit Awarded A$245M Qatar Water Project.
- News wire article from: TendersInfo September 2, 2009 700+ words
...construction company, said Tuesday that its Al Habtoor Leighton business was awarded a QAR750 million (A...Doha and Al Khor, in the Persian Gulf state, Leighton said. Al Habtoor Leighton will build six reservoirs and a 15.9 kilometer...
- Qatar: Leighton's Al Habtoor Unit Awarded A$245M Qatar Water Project.
- News wire article from: TendersInfo September 1, 2009 700+ words
...construction company, said Tuesday that its Al Habtoor Leighton business was awarded a QAR750 million (A...Doha and Al Khor, in the Persian Gulf state, Leighton said. Al Habtoor Leighton will build six reservoirs and a 15.9 kilometer...
- Pearl Dubai Awards AED8.85 Billion Construction Contract to Al Habtoor Leighton...
- Press release article from: Business Wire November 26, 2008 700+ words
...Dubai Pearl project, to the Al Habtoor Leighton Group, the UAE's largest...Pearl Dubai FZ LLC. "Al Habtoor Leighton Group was selected for its commitment...the best to its clients and Al Habtoor Leighton Group has successfully established...
- Laurie Voyer appointed Managing Director of the Al Habtoor Leighton Group...
- News wire article from: abnnewswire.net Asia Business News October 6, 2009 700+ words
...Al Sadik, Chairman of the Al Habtoor Leighton Group (HLG), today announced...respected organisation as the Al Habtoor Leighton Group," Mr Voyer said...Africa," he said. The Al Habtoor Leighton Group's work in hand currently...
- AL HABTOOR LEIGHTON GROUP WINS ABU DHABI PROJECT.
- News wire article from: AsiaPulse News July 14, 2008 700+ words
...Asia Pulse - The Al Habtoor Leighton Group (ASX:LEI...Abyaar in Dubai. The Al Habtoor Leighton Group was established...following the merger of Al Habtoor Engineering with the Arabian Gulf operations of Leighton International. (AAP...
- Qatar : Al Habtoor Leighton awarded Qatar water infrastructure project.
- News wire article from: TendersInfo September 4, 2009 700+ words
Byline: shiv03 Al Habtoor Leighton Group (HLG) has been awarded a QR 750 million water infrastructure...infrastructure facilities in the Duhail and Umm Qarn communities. Al Habtoor Leighton will construct a total of six concrete reservoirs, a pump house...
- Al-Habtoor Leighton wins Dubai Pearl contract.(Contract awards)(Brief article)
- Magazine article from: MEED Middle East Economic Digest November 28, 2008 700+ words
[ILLUSTRATION OMITTED] The local/Australian Al-Habtoor Leighton Group has been awarded the $2.4bn contract to build the Dubai Pearl project, which involves four 68-floor towers, connected...
Source: HighBeam Research, LEIGHTON TO MERGE GULF REGION UNIT WITH UAE FIRM.