Dubai construction firm Al Habtoor Leighton, an affiliate of Australia's Leighton Holdings (LEI.AX), is eyeing two contract wins in Saudi Arabia worth up to 10 billion riyals each ($2.67 billion) by year end, its top executive said.
The firm also hopes to announce onshore projects in Iraq by the end of 2011 and will bid for work on Qatar's $36 billion railway and metro project as it aims to have 50 percent of its work outside the United Arab Emirates by the end of 2012.
"We would think that in the next 6 to 12 months there will be a couple of substantial orders (in Saudi)," Laurie Voyer, chief executive and managing director told the Reuters Real Estate and Infrastructure Summit in Dubai on Wednesday.
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