Re Contract

RNS Number : 8093D

Carillion PLC

09 December 2009

 

9 December 2009

Carillion joint venture wins £150 million contract to build new Investment Council Headquarters in Abu Dhabi 

Al Futtaim Carillion (AFC) has been awarded a £150 million contract to build a new headquarters for the Abu Dhabi Investment Council, reinforcing AFC's reputation as a leading contractor in the region.

Carillion remains on track to deliver substantial revenue growth in 2009 from its businesses in the Middle East and this latest contract win is continuing evidence of the positive outlook for these businesses, which have a pipeline of contract opportunities worth over £6 billion.

The new state-of-the-art building, which will house the Investment Council's staff responsible for managing sovereign wealth investments for the Abu Dhabi government and also one of its holdings, the Al Hilal Bank, will comprise a 2-level basement and podium supporting twin 27-storey towers. The design includes a dynamic 'mashrabiya' solar shading system, which will open and close during the course of each day, according to the position of the sun, making the building highly efficient in terms of heat gain and cooling. Construction work has commenced with completion scheduled for the end of 2011.  

Commenting, Carillion Chief Executive, John McDonough said: "We are delighted to have secured another major contact in Abu Dhabi, in line with our strategy of focusing on high quality projects for key, long-term customers. This latest win follows the successful delivery by Al Futtaim Carillion of the £380 million flagship Yas Hotel project, the centre piece of the new Grand Prix circuit development. We look forward to working with the Investment Council to deliver its new prestigious headquarters building."

Al Futtaim Carillion is also delivering two other major projects in Abu Dhabi, the £550 million Al Muneera development for ALDAR and infrastructure works for Emirates Aluminium valued at some £200 million. 

For further information contact

John Denning         Group Corporate Affairs Director    [phone]

Finsbury 

James Murgatroyd                                                    [phone]

Gordon Simpson     

Notes to editors

Carillion is the UK's leading support services company with a substantial portfolio of Public Private Partnership projects and extensive construction capabilities.  The Group has annual revenue of over £5 billion, employs around 50,000 people and operates across the UK, in the Middle East, Canada and the Caribbean. 

In the UK, Carillion's principal market sectors are Defence, Education, Health, Facilities Management & Services, Rail, Roads, Building, Civil Engineering and Utilities Services.

In the Middle East, Carillion's principal market sectors are Construction and Facilities Management. In Canada and the Caribbean, the Group's main sectors are Health, Roads Maintenance and Construction.

Carillion's portfolio of equity investments in Public Private Partnership projects includes projects in the UK and Canada, particularly in the Defence, Education, Health and Transport sectors.

This and other Carillion news releases can be found at www.carillionplc.com

 

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