Leighton wins Dubai contract
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Leighton (LEI) has been awarded a AED275 million ($A80 million) deal to build the next phase of a convention centre complex in Dubai.
The deal, which is between its subsidiary Habtoor Leighton Group and Jebel Ali Free Zone (Jafza), comprises fitting out one of the two commercial towers and completing road works around the buildings.
Habtoor Leighton has been working on the complex under other contracts since 2007. The new contract is expected to be completed by the end of 2014.
The deal adds to a separate $370 million dollar contract Leighton Contractors won to build a new terminal and carpark for the Melbourne airport, also announced today.
Shares in the construction giant are up 1.2% to $19.49 at 1308 AEST, compared to a 0.12% rise in the S&P/ASX 200 Index.
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