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Sep 18 2012

Habtoor Leighton Group Gets SAR1.18 Bln Saudi Health Ministry Contract

Tuesday, Sep 18, 2012

DUBAI (Zawya Dow Jones)--Dubai-based Habtoor Leighton Group, a joint venture between Leighton Holdings Ltd. (LEI.AU) and Al Habtoor Group, said it has been awarded a 1.18 billion Saudi riyal ($316 million) contract by Saudi Arabia's Ministry of Health for work at the King Fahad Medical City .

The project, referred to as PPNNCC, will be delivered in a joint venture with Al Latifia Trading and Contracting, HLG said in an emailed statement.

"PPNNCC, which involves the construction of new medical centers on the current King Fahad Medical City campus to integrate with existing medical facilities, is located in the center of Riyadh," it added.

Work is scheduled to start later this year and the project will likely be delivered in stages over the next three years.

"Saudi Arabia is our largest growth market, and this project underlines our ability to secure work there," said HLG CEO and Managing Director Laurie Voyer.

Write to Leila Hatoum at leila.hatoum@dowjones.com

Copyright (c) 2012 Dow Jones & Co.

(END) Dow Jones Newswires

18-09-12 0546GMT


© Copyright Zawya. All Rights Reserved.


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