By Ed Attwood
HLG secures first major Saudi project win, JV to design and build MRO facility
A joint venture including UAE-based
Habtoor Leighton Group (HLG) has won a key contract to help redevelop Jeddah's King
Abdulaziz International Airport.
HLG’s share of the US$765m contract to
design and build a new maintenance, repair and overhaul facility at the
kingdom’s largest airport is worth US$153m.
The contractor’s joint venture
partners in the deal are TAV and Al Rajhi. The client is Saudi Aerospace and
Engineering Industries, part of Saudi Arabian Airlines Group.
The deal marks HLG’s first major
project in the highly lucrative Saudi market, and group CEO and managing
director Laurie Voyer said that the firm expected to secure further contract
wins this year.
“We’re confident that this is the
first of a number of projects we will secure in Saudi Arabia in 2012,” Voyer
said in a press statement.
“Saudi Arabia is a key growth market
for HLG. It is by far the largest market in the Middle East and close to US$50 billion
worth of projects will be awarded there this year.”
The scope of work on the Jeddah
airport project includes the design and construction of 11 aircraft
maintenance hangars, plus ancillary buildings spread over a 343,000 sqm built-up area.
The facility is due for completion
in October 2014.
King Abdulaziz International
Airport is currently undergoing a US$7.2bn expansion plan to increase the
airport’s capacity from 13m to 80m passengers per year by 2035.
HLG is a joint venture between the
Al Habtoor Group and Australia’s Leighton Holdings.
So far this year, HLG has been
awarded a US$130m deal to help redevelop Dubai Creek and a US$515m contract to
redevelop the Metropolitan Hotel in Dubai.