JV Middle East contract worth approx ?150m

RNS Number : 5318B

Carillion PLC

05 March 2014

 



5 March 2014

Carillion Joint Venture awarded Middle East contract worth approximately £150 million 

Carillion's Joint Venture business in the United Arab Emirates, Al Futtaim Carillion, has been awarded a contract worth some £150 million by Meraas to build The Avenue Phase 2 City Walk development in Dubai.

The contract includes the construction, commissioning, testing and completion of the second phase of a high-quality family entertainment and retail development of over one million square feet in the Jumeirah area of Dubai. Al Futtaim Carillion completed the first phase of this major development in 2013.

Construction will commence immediately with completion in the second quarter of 2015.

Commenting, Carillion Chief Executive, Richard Howson, said: ''We are delighted to have been selected for this major new development in Dubai, where we continue to see more opportunities coming to market for which our capabilities and reputation for delivering to high standards of quality, safety and reliability are important to customers.  We look forward to working with Meraas to deliver this prestigious development."      

This contract was classified by Carillion as a probable order at 31 December 2013.

For more information

John Denning, Director Group Corporate Affairs, Carillion plc                              [phone]

Finsbury

James Murgatroyd or Gordon Simpson                                                             [phone]

Notes to Editors

Carillion is a leading integrated support services company with a substantial portfolio of Public Private Partnership projects and extensive construction capabilities.  The Group had annual revenue in 2012 of some £4.4 billion, employs around 40,000 people and operates across the UK, in the Middle East and Canada. 

The Group has four business segments:

Support services - this includes facilities management, facilities services, energy services, utility services, road

maintenance, rail services and consultancy services.

Public Private Partnership (PPP) projects - this includes investing activities in PPP projects for Government buildings and infrastructure, mainly in the Defence, Health, Education, Transport and Secure accommodation sectors.

Middle East construction services - this includes building and civil engineering activities in the Middle East.

Construction services(excluding the Middle East) - this includes building, civil engineering and developments activities in the UK and construction activities in Canada.

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

 

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