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Construction company Leighton Holdings Limited’s (ASX:LEI) Middle Eastern arm has won an oil and gas contract in Iraq worth more than $200 million.
It is the first contract awarded to Leighton Holdings’ 45 per cent owned Habtoor Leighton Group in the country, who will work to deliver a central production facility in southern Iraq.
The construction of civil, utility, infrastructure works and engineering will start straight away and is expected to be finished in early 2014.
Shares in Leighton lifted 0.48 per cent on Friday to finish the week at $16.62 before the announcement was made.
Earlier in the session Leighton announced it has finalised the $218 million sale of Thiess Waste Management to Germany’s Redmonis AG & Co KG.
Leighton Holdings recorded a net profit of $106 million in the first half of its 2012 financial year.
