The chairman of Leighton Holdings, Australia's biggest builder, believes the company should never have gone into a joint venture with Al Habtoor Group in Dubai, having faced severe challenges in the region.
The Habtoor Leighton Group venture was established in 2007, before the global financial crisis took its toll on the UAE's property sector.
"With hindsight, no, we're not happy with [the joint venture]," Stephen Johns, the chairman of Leighton Holdings told The Australian Financial Review. "We should never have gone into it."
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