Leighton wins Qatar reservoir contract

Company News

Leighton Holdings Limited (ASX:LEI) 45 per cent owned Middle Eastern arm Habtoor Leighton Group has scored a $US608 million contract. 
 
The engineering company will construct the mega reservoir primary reservoir and pumping stations for Qatar’s General Electricity and Water Corporation. 
 
Leighton says the reservoirs have a capacity of 100 million gallons each and are the largest reinforced concrete reservoirs in the world. 
 
The project will start this month and is slated for completion in the second quarter of 2018. 
 
Leighton Holdings reported a net profit of $679 million over the 2014 calendar year.