* Project is for 92 km pipeline in Abu Dhabi
(Adds details, background)
ISTANBUL, June 11 Tekfen Insaat, a unit of
Turkish construction firm Tekfen Holding (TKFEN.IS), which has
interests in agriculture, finance and real estate said on
Thursday it has signed a deal worth $225 million in Abu Dhabi.
The project was for the construction of a 92 kilometre (58
miles) pipeline and oil and gas related infrastructure, Tekfen
In April Tekfen said it expected to finalise construction
bids by the end of June worth almost $900 million in the Persian
Gulf and Caspian region.
Earlier this month it announced it had signed a $165 million
deal to build a polyethylene plant in Qatar.
Tekfen shares were indicated 2.3 percent higher at 3.56 lira
at 0655 GMT. They have risen almost 50 percent since the start
of the year, outperforming the index of leading Turkish stocks
.XU100, which is up around 25 percent.
Tekfen has said it hopes to double profit this year as
construction picks up and the global economy recovers.
(Reporting by Alexandra Hudson; editing by Elaine Hardcastle)