hrrmmm most of their JV's are leighton contracts. Interesting to note no Trading halt or media releases from Leightons reguarding any middle east projects.
a bit of an old media statement but very relevant as to their JV projects
Extracted from http://admin.hastiegroup.com.au/library/Hastie_maintains_Middle_East_momentum.pdf
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Two of the new projects relate to infrastructure. Hastie has been appointed by Leighton Contracting Qatar to provide mechanical, electrical and plumbing services, including fire and CCTV, infrastructure control systems (SCADA) & instrumentation and chlorination work, for a A$233 million water infrastructure project that includes nine reservoirs and will link two Qatari communities. Hastie’s work will begin in June 2010 and is expected to be completed over 15 months. The second, smaller infrastructure project, for the Public Works Authority of Qatar, is to provide pipeline reticulation for office cooling systems as part of the US$2.6 billion Energy City project. The other project involves mechanical, electrical and plumbing services, including fire fighting systems, for a major hotel development for Al Rayyan Tourism Investment Company. The scope of works relates to the construction of the Traders Hotel managed by Shangri-La Hotels and Resorts. Hastie has commenced works on the project this month with a completion scheduled for November 2011. The final project involves mechanical, electrical and plumbing services for the New Doha International Airport (NDIA) aircraft wash apron. The NDIA is being constructed on a 22km² area east of the existing Doha airport. Hastie has been appointed by Sinohydro-Gamuda WTC Joint Venture.
HST Price at posting:
16.0¢ Sentiment: None Disclosure: Held
