August 2006

CITY OF ARABIA AWARDS CONTRACT TO LEIGHTON-KIER JV

Leighton-Kier Joint Venture has been awarded a $63 million contract by Ilyas and Mustafa Galadari Management Investment and Development (L.L.C.) for the construction of roads and infrastructure on Dubai’s new City of Arabia mega project. The 50/50 joint venture between Gulf Leighton LLC, a subsidiary of Leighton Asia (Southern), and Kier Dubai LLC, a part of the UK Kier Group plc, will construct 15km of roads in and around the development, five road bridges, and 120km of underground services.

Speaking about the new contract, Mustafa Galadari, Vice Chairman and Managing Director of Ilyas & Mustafa Galadari Group said, “Leighton-Kier will be helping us to put in place the core components of the City of Arabia project and the extensive experience of Kier in the region has been a major consideration in the decision to award them such a major contract.”

City of Arabia, a $2billion, 2 million sq ft development, will include the largest shopping mall in the region, the Mall of Arabia; the Restless Planet, a dinosaur theme park with over 100 animatronic dinosaurs; a 10 km long Wadi Walk with Mediterranean-style apartments, cafes and shops beside a flowing canal; and 34 tower blocks for mixed commercial, hotel and residential use. The project will, when completed, provide accommodation for around 35,000 residents.

Kier has over 50 years of experience in the Middle East and has, as Kier Dubai LLC, carried out several infrastructure related projects for the Dubai Municipality together with significant civil works packages for the Dubai Drydocks over the last 12 years.

Kier Construction’s director David Durey said “The City of Arabia project will serve to strengthen Kier’s core civil engineering and infrastructure business in Dubai and we are extremely pleased to be working with the Galadari team on this new and important development.”

Work is due to commence in mid August 2006 with the project due for completion in September 2008.