Al Jaber Engineering and Contracting (ALEC), the subsidiary of Abu Dhabi’s Al Jaber Group, will take over construction of a third concourse at Dubai International Airport, an informed source has confirmed.
The contract comes a week after a consortium of builders, including Murray and Roberts of South Africa, Leighton of Australia, Dubai’s Al Habtoor Engineering and Takenaka of Japan, formally announced they had pulled out of the Dh4.9 billion (US$1.33bn) deal after failing to reach an agreement with the Dubai Department of Civil Aviation (DCA).
The two sides had been in talks since the contract was awarded in December, as DCA sought to take advantage of construction costs that have fallen by as much as 30 per cent since the start of the global financial crisis.
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