Habtoor Leighton Group announced that it has entered into alliance deal of about AED 6.4 billion through AbuDhabi division of AI Habtoor Engineering. Habtoor Leighton specified that this deal is for Tameer Towers development in Abu Dhabi.
Out of AED 6.4 billion deal, the Habtoor Leighton Group's investment is about AED 2.1 billion. Habtoor Leighton Group expects to commence the work on this project this month. The company expects to close the residential stage of the project in June 2011 and predicts to complete commercial stage in December 2011.
Habtoor Leighton Group was established in September 2007 following merger of Al Habtoor Engineering with Arabian Gulf operations of Leighton International, a part of Leighton Group(LGTHF.PK,LEI.AX).
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