Leighton Holdings Ltd's (ASX:LEI) 45 per cent owned Al Habtoor Leighton Group has scored a project in Abu Dhabi worth US$285 million.
The contract is for the Abu Dhabi Ports Company and will involve the construction of a container and industrial port as well as the development of industrial, logistics, commercial, educational and residential special economic and free-trade zones.
The project includes infrastructure works such as 12 million cubic meters of earthworks, five bridges and 79 kilometres of telecommunications distribution.
Leighton says it is the second project awarded to Al Habtoor Leighton Group by Abu Dhabi Ports Company, and construction on the US$380 million project awarded last year is well advanced.
Al Habtoor Leighton Group's CEO Laurie Boyer says securing new work with existing clients is an important part of the company's growth strategy and Abu Dhabi remains the single most important market to the group. Work is expected to start straight away and be finished by September 2012.
Leighton Holdings posted a $615.13 million profit in the year to 30 June 2010.
LEI Price at posting:
$32.67 Sentiment: None Disclosure: Held
