Al Habtoor Leighton wins Esplanade deal

zoom

Al Habtoor Leighton now has over US $4.6 billion worth of work in hand.

Al Habtoor Leighton has bagged a US $422 million (AED1.55 billion) contract for the construction of the mixed-use Esplanade project in Dubai. The client is Muzoon Holdings.

Construction on the project will commence in June and will be completed by June 2011.

The Esplanade, which will be located in Al Barsha opposite the Mall of the Emirates, will include five residential towers, two five-star hotels, one commercial tower, one tower featuring a health club and spa, a car park and podium for retail and offices, and water features and landscaping.

David Savage, managing director of Al Habtoor Leighton Group said: "Muzoon Holdings was looking for a contractor that was able to deliver a quality project, within a tight time-frame in a relatively stretched market.

The new contract takes the value of Al Habtoor Leighton's work in hand to over $4.6 billion.

The company was established in September 2007 following the merger of Al Habtoor Engineering with the Arabian Gulf operations of Leighton International. Leighton International owns a 45% stake in the Group.

Leighton International is part of Leighton Group, an Australian development and contracting group with annual revenues exceeding $10 billion.

Print | Email | Discuss this article

| Share |

READERS' 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. Arabian Business would like to point out that only comments relevant to the story will be published. Any containing personal insults or inappropriate language will not be approved.
Name *
Remember me on this computer
Email *	(Your email address will not be published)
City
Country
Subject *
Comment *
Notify me of further comments
Enter the words above *
Please click post only once - your comment will not be published immediately.

MORE FROM ARABIANBUSINESS.COM