ArabianBusiness.com - Middle East Business News
Monday, 13 October 2008 | 08:33 UAE time

YOUR DIRECTORY /

Print this page Print this page | Email this to a friend Email this to a friend | Discuss this article (0 Comments) |

TDIC and Leighton join forces

by ArabianBusiness.com staff writer  on Saturday, 15 December 2007

Abu Dhabi's Tourism Development & Investment Company (TDIC) has formed a joint venture with contractor Gulf Leighton.

The move is aimed at TDIC-Leighton Contracting undertaking various construction contracts for TDIC developments.

Among the projects are the 6.5km Saadiyat Link road, which will connect Abu Dhabi's Shahama district to Saadiyat Island, the Eastern Mangroves Hotel and the new TDIC headquarters being built next to Maqtaa Bridge.

Story continues below
advertisement

The agreement is expected to generate annual revenue of $270 million (AED 991 million) in the first year, to a minimum of $1.4 billion in the fifth. TIDC owns 51% of the new venture.

"This new joint venture will adhere to global standards in human resources, health, safety and environment deployment," said Lee Tabler, CEO, TDIC.

"While Gulf Leighton will bid for additional TDIC contracts, it will be judged on a purely professional and commercial basis in a transparent and competitive process.

"The size, scope and complexity of some of the projects we are planning here require world-class contractors who prioritise environmental sustainability in the design and construction processes."

Print Print | Email Email | Discuss this article |



USER COMMENTS (0 COMMENTS)

CLICK HERE TO POST A COMMENT

Add your Comment
All posts are sent to the administrator for review and are published only after approval. ArabianBusiness.com reserves the right to remove any comment at any time for any reason. Please keep your responses appropriate and on topic.
Name *
Remember me on this computer
Email *
(Your email address will not be published)
City
Country
Subject *
Comment *
Notify me of further comments
Security Code * Code


Please click post only once - your comment will not be published immediately.
From  Current Issue

RELATED LINKS

  1. Leighton Holdings»
  2. Tourism Development & Investment Company (TDIC)»

 EMAIL ALERTS

  1. Leighton Holdings

  2. Tourism Development & Investment Company (TDIC)

  3. Construction & Industry



BUSINESS FEATURES

Cooling demand

Tabreed CEO Karl Marietta on how he plans to tackle rising costs hitting the district cooling industry.

Are your standards certified?

There is a rising need for the construction industry to conform to international standards.

Is Saudi Arabia the region's dark horse?

Saudi Arabia and Bahrain have been named in a report as the best places in the region to do business.

ArabianBusiness.com/Jobs - Middle East Jobs Search
  1. Electrical Design Engineer
    Industry: Construction
    Location: Abu Dhabi, UAE
  2. Head of Utilities
    Industry: Construction
    Location: Dubai, UAE
Browse all jobs »

BUSINESS INTERVIEWS

Passionate about design

Brijesh Bakhda, director of Kensington Real Estate, on the importance of the design component.

The best and brightest

Recruiting the best and brightest design professionals is crucial for the booming Middle East.

MORE FROM ARABIANBUSINESS.COM