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Al Habtoor Leighton to announce giant contract win

by Jamie Stewart

Nov 20, 2008

Al Habtoor Group chief executive Mohammed Al Habtoor at the launch of the Al Habtoor Island Resort

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The Al Habtoor Leighton group is on the verge of announcing a mammoth US $2.45 billion (AED9 billion) contract win in Dubai, the chief executive of the Al Habtoor Group told Construction Week on Wednesday.

The project will be carried out by the construction division of the Al Habtoor Leighton Group.

“We will soon sign a nine billion dirham project for our construction company so things are good,” Al Habtoor Group chief executive Mohammed Al Habtoor said.

“It is a private development, and is going to be in Dubai. As the contractor, we have received a letter of intent. All we need to do now is sign the agreement. This will happen in the next two or three days.”

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Al Habtoor, speaking at the launch of the firm’s Al Habtoor Island Resort in Dubai, refused to reveal any further details regarding the project.

By comparison, the construction contract to build the Burj Dubai, the world’s tallest tower, was valued at approximately $1 billion.

Al Habtoor Leighton Group managing director David Savage confirmed that the project was in the pipeline, but did not give any further details. “It is ongoing, but no announcement has been made,” he said.
The Habtoor Group’s construction division, Al Habtoor Engineering Enterprises, which is part of the Al Habtoor Leighton Group, has previously worked on The Burj Al Arab and the multi-billion dollar construction of the new Terminal 3 Concourse 2 project at Dubai International Airport.

On Sunday the Al Habtoor-Murray and Roberts joint venture announced it had been awarded the $817 million contract for the design and construction of the Zayed University campus in Abu Dhabi, to be located in Khalifa City.

Work on the campus is due to begin immediately and is set for completion in July 2011.

Al Habtoor remained bullish despite recent job losses in the construction industry, and the onset of the predicted slowdown.

“We are recruiting more people to all aspects of our business,” he told CW. “We are a diversified company. We don’t see any problem in any of our businesses,”

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