Habtoor group wins Saudi aero repair deal

Monday, Apr 23, 2012

Gulf News

Dubai: Habtoor Leighton Group (HLG), in joint venture with TAV and Al Rajhi, said they have been awarded a 2.87 billion Saudi riyal (Dh2.8 billion) contract in Saudi Arabia for the design and construction of a new maintenance, repair and overhaul facility (MRO) for Saudi Aerospace and Engineering Industries (SAEI).

HLGs share of the contract is worth 573 million Saudi riyals. With this, the companys total orderbook backlog stands at Dh16 billion, its spokesperson told Gulf News.

The project is located in the King Abdul Aziz International Airport in Jeddah and is part of an overall 27 billion riyal expansion plan to increase the airports capacity from 13 million to 80 million passengers per year by 2035.

HLG chief executive officer and managing director Laurie Voyer said this project was typical of some of the new work opportunities that HLG was pursuing in the region and reflected the groups growth strategy to expand into new geographic markets.

Strategically this is a very important project for us, he said.

Our growth strategy is based on diversifying our workload by both geography and work type with good quality clients who value our services.

This project is our first major project in Saudi Arabia, which is perhaps our most important geographic growth market.

We are able to leverage off the Leighton Groups Australian and Asian experience in delivering airport infrastructure and apply this to a new market.

Gulf News Report