Leighton bracing for Qatar legal row | The Australian

Leighton bracing for Qatar legal row | The Australian:

"THE troubled Middle Eastern subsidiary of construction giant Leighton Holdings has launched legal action against a company controlled by one of the most powerful sheiks in Qatar following a dispute over a $US325 million ($365m) construction project in Doha.

For the past seven years, Habtoor Leighton (HLG) has been building the Doha City Centre Expansion, which involves the construction of five hotel towers, including Renaissance, Marriott and Shangri-La properties, with a direct link to the existing Doha City Centre Mall, one of the largest malls in the Gulf.

Stage three of the project is almost complete but a dispute erupted last month when a company controlled by Sheik Faisal bin Qassim al-Thani, Al Faisal Holding, sought to unexpectedly cash-in performance bonds on the project that are worth about $100m."

'via Blog this'