News: Leighton granted contract in Saudi Arabia

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Leighton Holdings Limited (ASX:LEI) has been awarded a $US169 million mine infrastructure project in Saudi Arabia.



The project is a joint venture with Dragados Gulf Construction Company.



Leighton’s share will be worth $US 85 million.



Leighton’s chief says the contract is an important step in reinforcing its presence in the region’s largest construction company.



The venture represents the second project in Saudi Arabia this year.In the first half of the 2012 financial year, Leighton reported a net profit $345 million