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Leighton Holdings Limited (ASX:LEI) has scored a $US68 million contract to construct reservoirs in Qatar. The contract is the fourth awarded to the property developer’s Middle Eastern division, The Habtoor Leighton Group, from Qatar’s electricity and water corporation.
Habtoor Leighton Group’s Managing Director, Laurie Voyer, says Qatar is a key market for the company and the contract is in line with its strategy of securing repeat business from existing clients.
Work on the new contract will start straight away and is expected to be completed within 12 months.
Leighton Holdings reported a net profit of $106 million in the first half of its 2012 financial year.
