Gulf expansion

18 March 2008

Leighton Holdings is merging its operations in the Arabian Gulf with Dubai-based Al Habtoor Engineering. The deal will see Leighton Holdings invest about US$ 707 million for a 45% stake in Al Habtoor. The new company, Al Habtoor-Leighton, will have a total of about US$ 3.61 billion of work in hand and is expected to produce revenues of around US$ 2.26 billion for 2007/08 and more than US$ 2.63 billion in 2008/09.

Construction
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