South Africa's biggest construction firm Murray & Roberts (MURJ.J) has pulled out of a 5 billion rand ($544.8 million) contract in Dubai after failing to finalise "acceptable" terms with a client, it said on Thursday.
The project, which was to build the Dubai International Airport Concourse 3, was awarded to the Al Habtoor Murray & Roberts Takenaka Joint Venture last December by the Dubai Civil Aviation.
"The parties have concluded that a mutually acceptable contract is not currently possible," Murray & Roberts said in a statement.
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