Leighton optimistic about Indonesian operation growth

Australian based engineering contractor Leighton Holdings is optimistic about the future growth of its operation in Indonesia.

"The outlook for Asia is promising with an upsurge in economic activity in most countries coinciding with record levels of work for the Group. With over half this work in resources projects, Indonesia has become our biggest Asian market", said Leighton CEO Wal King AM in a press statement.

"Leighton subsidiary Thiess has sustained an excellent level of mining work. A highlight was the award of a $778 million coal-mining contract from BHP in Indonesia. Further rationalisation in the Australian coal industry is set to continue and will present opportunities for the provision of integrated, value-added services," said Mr King

King says despite some social and political instability, the "outlook is positive for resources" in Indonesia