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22/05/2014

Carillion Scoops Middle East Contracts Worth £400m

Carillion and its Joint Venture business, Al Futtaim Carillion, has been selected as the preferred bidder for, contracts in the United Arab Emirates and the Kingdom of Saudi Arabia that are worth in total £400 million.

In Dubai, Al Futtaim Carillion has signed contracts to build two major luxury hotels that together are worth approximately £300 million.

These include Phase IV of the Madinat Jumeirah Resort project that will involve the construction of a luxury 435-room hotel resort for the Dubai-based hotel company Jumeirah Group.

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This project, which will be located on a beach-front site next to the famous Burj Al Arab hotel, will be built to world-class standards with high-quality finishes throughout and will include a number of restaurants and leisure facilities

Construction of both hotels will begin shortly and are scheduled for completion in 2016. These hotels were classified as probable orders in Carillion's Interim Management Statement on 7 May 2014.

In addition, Carillion and Al Futtaim Carillion have signed contracts for, or been selected as the preferred bidder for, a number of construction projects in Dubai and in the Kingdom of Saudi Arabia in the healthcare, retail, leisure and residential sectors.

(CD)

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