Carillion's Joint Ventures Secure New Orders In The Middle East Worth Over £200m

Carillion's joint venture businesses in the Middle East have negotiated three new contracts worth approximately £205 million, of which Carillion's share of the revenues generated will be some £113 million.

In Dubai, Al Futtaim Carillion (AFC) has secured a £125 million contract to build two further residential towers with podium and underground car parking, together with associated retail facilities, for Emaar Properties at its Burj Dubai development.


Al Futtaim Carillion has also been awarded a £60 million contract by Al Futtaim Group Real Estate for the first phase of the Al Badia Business Park at Dubai Festival City.

In Oman, Carillion Alawi has secured a £20 million contract to build the next phase of infrastructure facilities for the Asian Beach Games for the Oman Tourism Development Company.

Commenting, Carillion Chief Executive, John McDonough, said: "We are delighted with the progress our joint venture businesses are making in the Middle East, where we continue to have an excellent order book and pipeline of opportunities to negotiate high-quality orders with long-term key customers.

"These latest contracts keep us firmly on track to achieve our objective of doubling Carillion's share of its joint venture revenues to over £600 million by the end of 2009, at a margin of some six per cent."

(CD/JM)