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Real Estate News Alert is a roundup of the most recent news that gets updated daily to keep you always up to date on the world's most attractive projects in the real estate market from the UAE (Dubai, Abu Dhabi, Umm Al-Quwain, Ajman, Ras Al-Khaimah, Sharjah and Fujairah) and sometimes from the GCC or other countries and from various news sources.


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Tuesday, July 15, 2008

Leighton eyes new Al Habtoor stake

Leighton eyes new Al Habtoor stake
Arabian Business
Australian construction group Leighton Holdings could increase its stake in the local Al Habtoor Engineering to 51% over time, according to a statement made by the company's chief financial officer, Scott Charlton. ... The company is bidding for projects in the real estate, road and rail infrastructure, oil and gas and marine engineering sectors. ...Leighton's projects in the region included the construction of a $518 million equestrian centre in Qatar; a $63 million contract won in joint venture with Kier International for roads and infrastructure works at the City of Arabia project in Dubailand and a $550 million highway contract in Abu Dhabi.

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