Leighton Holdings Limited (ASX:LEI) joint venture partner Habtoor Leighton Group has secured a major construction contract for the development of artificial islands that are being constructed 84km off the coast of Abu Dhabi.
Habtoor has not revealed the dollar value of the contract but says, the deal reflects its strategy of diversifying the composition of its order book.
Leighton holdings owns 45 per cent of the Dubai based company which it bought for $870 million in 2007.
In the first half of the 2012 financial year, Leighton reported a net profit $345 million.
LEI Price at posting:
$17.35 Sentiment: None Disclosure: Held
