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Article: United Arab Emirates: Firm pulls out of Dubai airport project.
- Article from:
- TendersInfo
- Article date:
- April 18, 2009
CopyrightCOPYRIGHT 2009 Al Bawaba (Middle East) Ltd. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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Byline: kusumv03
Plans to build the third concourse of the Dubai International Airport will continue to move forward despite a group of builders pulling out of the project. Ali Haider / EPAA consortium of builders including Murray and Roberts of South Africa and Leighton of Australia have pulled out of a Dh4.9 billion (US$1.33bn) contract to build a third concourse at Dubai International Airport.
It represents the third major project loss for Murray and Roberts in the UAE since December as clients seek to renegotiate contracts to take advantage of declining construction costs and a continuing project finance crunch.
The joint venture, to ...