Smallwood also said the company is continuing to look at new projects to add its portfolio.

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The new projects will add more than 83, 000 solar panels on the grounds of the five prisons with construction expected to begin in 2012.

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These projects will add to new aluminum supply at a time when demand for the metal is growing.

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He made his initial fortune in construction in Saudi Arabia, where he continues to add to his project portfolio with new projects for King Saud University and a new medical city complex for the Ministry of Interior.

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's chief executive said last week that he expects to add new barrels of oil to its reserves from "several major deep-water projects" in future years.

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