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| Leighton, Emaar form joint venture in India  Leighton Asia (Southern), part of the Leighton Group, Australia’s largest project development and contracting group, announced the formation of joint venture in India with leading developer Emaar MGF Land Pvt Ltd, in a deal worth approximately US$2.5 billion (Leighton's share US$1.25 billion) over the next five years. The 50:50 joint venture, to be known as Leighton Construction India Pvt Ltd, will provide design and construction services for Emaar MGF's projects across India and will immediately become one of India's leading construction entities.The memorandum of understanding for the joint venture was signed at a formal ceremony in Delhi today by Mr Shravan Gupta, Executive Vice Chairman and Managing Director of Emaar MGF Land Pvt Ltd, and Mr David Savage, Managing Director of Leighton Asia (Southern). Emaar MGF Land Pvt Ltd is a joint venture of Emaar Properties PJSC and MGF Developments Limited of India. Emaar Properties, based in Dubai, is one of the world's leading property developers. write your comments about the article :: © 2007 Construction News :: home page |