Murray & Roberts one step closer to ending Dubai Airport dispute
Industrial and engineering group has been fighting for a decade over money it says it is owed
Industrial group Murray & Roberts (M&R) may be one step closer to ending an arbitration dispute that has plagued the company for a decade. The company believes it is owed money for work it did in the Middle East. In 2017, its uncertified revenue dispute with the Dubai government over its work on Dubai Airport sat at R900m. The work involved a contract to construct and develop Concourse 3 at the airport. M&R joined a consortium called HMRT, which was made up of three companies. M&R owned 40% of the contract, while Al Habtoor accounted for 40% and Takenaka accounted for 20%. On Tuesday, M&R announced it had received an update with respect to the dispute. “The board of directors of Murray & Roberts advises that on 3 April 2019, an arbitral award was issued in relation to the dispute,” it said. In its award, the tribunal made a number of determinations dealing with the many claims and counterclaims of HMRT and the client, M&R said. “In order to bring this matter to conclusion, the c...
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