Laing O’Rourke face Airport loss

Laing O’Rourke is facing a US $175 million (£100 million) loss on its work at Dubai International Airport. The $2.8 billion-turnover company has run into a catalogue of setbacks on the job and has been hit by a massive increase in the cost of steel and cement.

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By  Sean Cronin Published  October 29, 2005

Laing O’Rourke is facing a US $175 million (£100 million) loss on its work at Dubai International Airport. The $2.8 billion-turnover company has run into a catalogue of setbacks on the job and has been hit by a massive increase in the cost of steel and cement. The UK construction industry paper, Contract Journal, claims that the firm is involved in a bitter claims row on its $600 million-plus contract to deliver a new terminal for the Dubai Department of Civil Aviation, which it is building with joint venture partner Al Naboodah. The joint venture is working on several high profile contracts in Dubai, which now account for a significant proportion of its business. A spokesman for the contractor refused to comment and referred questions to the Laing O’Rourke UK head office.

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