Murray and Roberts JV contract cancelled

Posted On Wednesday, 21 January 2009 02:00 Published by Commercial Property News
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South African-based construction firm Murray & Roberts says that the Salam Resort joint venture project in Bahrain has been cancelled.

Brian Bruce Murray and RobertsSouth African-based construction firm Murray & Roberts (MUR) said on Tuesday that the Salam Resort joint venture project in Bahrain has been cancelled – the second project termination in the Middle East in less than two months as the global recession deepens.

Murray & Roberts, which was in a joint venture with local partner Nass Corporation, said the cancellation would have little impact on its profits for the year to June.

In December, Murray & Roberts had to adjust its books following the cancellation of the Trump Towers and the subsequent award of Dubai International Airport Concourse 3 to Murray & Roberts late last year.

The company is due to report its interim results on February 25 and full details of the order book will be published then.

Last modified on Monday, 24 June 2013 13:21

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