Construction company Leighton Holdings Ltd
(ASX:LEI) has won a contract worth US$381 million at the Khalifa Port and Industrial Zone, by the Abu Dhabi Ports Company.
Leighton subsidiary Al Habtoor Leighton Group will carry out the scope of work which includes the construction of the on-shore port facilities which involves the construction of 47 buildings and associated infrastructure works.
Leighton says work has already commenced and the project is due for completion by September 2011.
Managing director of the Al Habtoor Leighton Group, David Savage says Abu Dhabi continues to offer strong new work prospects, particularly in large-scale infrastructure, and it is likely to be the group’s most important market for the foreseeable future.
And looking back over the company’s profits, Leighton Holdings 2008 net profit was its best in five years.
