Re Contract

RNS Number : 3038F

Carillion PLC

08 October 2008

 

8 October

Carillion's joint ventures secure new orders in the Middle East worth over £200 million.

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.'  

For further information contact

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

Notes to Editors 

Carillion is the UK's leading support services company with a substantial portfolio of Public Private Partnership projects and an extensive construction business.  The Group has annual revenue of around £5 billion, employs some 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.

In the inaugural Sunday Times Best Green Companies Awards in May 2008, Carillion secured first place in the category for large and medium-sized companies with high environmental impact and second place overall.

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

 

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