Middle East awarded contracts worth over ?400m

RNS Number : 7573H

Carillion PLC

22 May 2014

 



22 May 2014

Carillion businesses in the Middle East awarded contracts worth over £400 million 

Carillion and its Joint Venture business, Al Futtaim Carillion, have signed, or 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.  This prestigious 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.

Carillion Chief Executive, Richard Howson, said: "These latest contract successes continue to reflect the improving outlook in most of our Middle East markets.  This includes Dubai, where we continue to see clear signs of recovery with 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."

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 2013 of some £4.1 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

For more information

John Denning, Director Group Corporate Affairs, Carillion plc                      + 44 (0) 1902 316426

Finsbury

James Murgatroyd or Gordon Simpson                                                             [phone]

 

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