Contractor BICC has built the hotels and residential towers at the Habtoor City complex in Dubai. Australian contractor Cimic announced it was looking to divest its 45 per cent stake in BICC and would take a $1.8bn hit on its investment. Courtesy St Regis Dubai
Contractor BICC has built the hotels and residential towers at the Habtoor City complex in Dubai. Australian contractor Cimic announced it was looking to divest its 45 per cent stake in BICC and wouldShow more

Property

Australia's CIMIC expects to take $1.8bn hit on Middle East exit

Company bought a 45% stake what was formerly known as Habtoor Leighton Group, for A$870m in 2007

Michael Fahy
Michael Fahy

January 24, 2020