Leighton International's Magazine, Perspective, Issue 6 2010

04
INTRODUCTION
INTRODUCTION
LEIGHTON INTERNATIONAL REFOCUSSED ON SINGAPORE
THIS YEAR, A MARKET THE GROUP IS COMMITTED TO
GROWING. WE WILL BE INTRODUCING OUR SINGAPORE
OPERATIONS IN THIS ISSUE ALONG WITH AN OVERVIEW
ON LEIGHTON MALAYSIA AND THEIR WORK IN PROGRESS.
The strategic
decision for
Leighton
International to
expand our
operations back to
a familiar market,
Singapore, was made early this year as
the country steadily bounces back from
the global financial crisis following the
Singaporean Government’s robust
economic plans. The forecast for the
local construction sector is an annual
turnover of approximately US$20 billion
per annum.
Led by Brian Ticcioni, Area Manager
of our Singapore office, the Leighton
team is expanding and is already
capitalizing on the economic growth of
the island state with a number of project
opportunities being pursued (more on
page 8).
Elsewhere in South East Asia, the
Leighton Malaysia team is maintaining
our strong market presence with three
significant projects well underway, the
Northern Electrified Double Track project
between Ipoh and Padang Besar, a site
remediation project and the technically
challenging Labuan Water Pipeline
project that was recently completed
ahead of schedule (see project updates
on page 16). There are also a range of
construction, mining and marine projects
being pursued.
Our guest contributor for this South
East Asian issue of Perspective is
Michael Halpin, Chairman of the
Malaysia Australia Business Council. He
provides an overview on the Malaysian
market conditions and Government
initiatives, outlining the knock on effect
of these programmes on the local
construction industry, and possible
opportunities for Leighton (see page 7).
In the last quarter, Leighton Offshore
has successfully secured two SPM
installation projects in new regions
expanding Leighton International’s global
footprint. Leighton Offshore was
awarded a US$733 million EPC contract
by Iraq’s South Oil Company to install
three single point moorings (SPMs) and
120 kilometres of 48-inch pipelines. This
is an important project in Iraq’s strategic
energy development program.
The Gulf win comes closely behind the
recent US$66 million contract awarded
by the Tanzania Ports Authority to install
a SPM and pipelines in Dar Es Salaam.
Both contracts build on Leighton
Offshore’s SPM installations market
leader position.
The remainder of 2010 will continue to
be busy with ten projects underway and
several major tenders in the pipeline.
DAVID SAVAGE
CHIEF OPERATING OFFICER,
LEIGHTON HOLDINGS
City Skyline Singapore
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to info@leightonint.com.