The Aldar Laing O’Rourke joint venture has laid off 320 staff, following a reduction in the amount of work available on the $14bn Al-Raha Beach project.
The joint venture was formed in late 2006 to build Al-Raha Beach. If was set up at a time when contracting resources were in short supply as the construction market approached its 2007 peak.
Aldar Laing O’Rourke is now tendering for other projects in Abu Dhabi including the Fairmont Hotel and the Eastern Mangrove projects (MEED 4:12:08).
You might also like...
Cyberattacks impact 44% of UAE retailers
24 April 2024
Abu Dhabi and Oman launch $180m tech fund
24 April 2024
Oman LNG wins key supply deals
24 April 2024
UAE and Oman firms sign $32bn energy deal
24 April 2024
A MEED Subscription...
Subscribe or upgrade your current MEED.com package to support your strategic planning with the MENA region’s best source of business information. Proceed to our online shop below to find out more about the features in each package.
