TDIC, Leighton form JV
United Arab Emirates: Saturday, December 08 - 2007 at 09:43
Abu Dhabi's Tourism Development and Investment Company (TDIC) has entered into a joint venture agreement with Gulf Leighton, a subsidiary of Australian contracting and engineering firm Leighton International. TDIC will own 51% of the new venture - TDIC-Leighton Contracting - which has been formed to undertake various contracts for the TDIC. Annual revenue of at least $270m is expected in the first year, with a minimum of $1.4bn after five years.
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Jonathan Sheikh-Miller, Deputy EditorSaturday, December 08 - 2007 at 09:43 UAE local time (GMT+4)
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