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Discuss this article (1 Comments)UAE construction giant's workload valued at $6bn
by This email address is being protected from spam bots, you need Javascript enabled to view it on Wednesday, 30 September 2009
zoomWORKLOAD BOOST: Despite a downturn in the construction industry, Al Habtoor Leighton said it has $6bn of work in the pipeline. (Getty Images)
UAE-based construction giant Al Habtoor Leighton Group (HLG) has work in the pipeline worth more than $6bn and is targeting further growth, company chiefs said on Wednesday.
The value of the company's backlog was revealed as it announced the appointment of Laurie Voyer as the group's new managing director.
Riad T Al Sadik, chairman of HLG, said he expected Voyer to lead the company into "a new phase of growth, and consolidate its position as the leading construction group in the Middle East and North Africa".
Related: Al Habtoor secures $244m Qatar deal
Voyer will officially replace David Savage on October 1 with Savage relocating to Australia in a senior role with the Leighton Group, a major shareholder of HLG and Australia’s largest contracting and project development group. He will remain an executive director of HLG, a company statement added.
Voyer said: “The Group has a well-earned reputation for delivering high quality, large-scale construction projects, and is regarded as an industry leader in this region.
“I look forward to picking up from where David left off and reaffirming HLG as the most successful construction group in the Middle East and North Africa."
Earlier this month, Al Habtoor Leighton announced it had won a $244 million contract to build new water stations in Qatar while chasing other projects in the Gulf state worth $3bn.
In July, it was reported that the company had also won a contract worth $381 million at the Khalifa Port and Industrial Zone in Abu Dhabi.
It said that work had already started and the project was due for completion by September 2011.
It is the biggest single deal for Al Habtoor Leighton, which was part of a consortium that pulled out of a major deal to build a third concourse at Dubai International Airport in April.
The group also stopped work in December on a contract to build the Trump International Hotel and Tower, in partnership with Murray and Roberts of South Africa, after the developer Nakheel decided to suspend the project.
READERS' COMMENTS
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Well Done to a Great Company
Posted by David, Dubai, UAE on Wednesday 30 September 2009 at 17:05 UAE time
Al Habtoor is truly a company that has earned its position through thick and thin. It has weathered alot in recent weeks with bad press regarding the labour issue and the Matthew Wood corruption scandal but it is its social values and the fact it provides tens of thousand of families with an income that makes it all the greater
Posted by David, Dubai, UAE on Wednesday 30 September 2009 at 17:05 UAE time
Al Habtoor is truly a company that has earned its position through thick and thin. It has weathered alot in recent weeks with bad press regarding the labour issue and the Matthew Wood corruption scandal but it is its social values and the fact it provides tens of thousand of families with an income that makes it all the greater
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