Leighton JV wins $USD2.4 bln UAE construction deal

The Al Habtoor Leighton Group has signed a letter of intent for the AED 8.85 billion (USD$2.4 billion) Dubai Pearl mixed-use development for Pearl Dubai FZ LLC.

The project involves the construction of an integrated city overlooking the Palm Jumeirah development in Dubai.

Dubai Pearl will feature an iconic building structure comprising four 73-storey mixed-use towers, world-renowned fashion and technology brands, and the Baccarat Hotel and Residences, and will provide a 24-hour living city with commercial, retail, residential and leisure facilities.

[SOURCE: Leighton Holdings]