Re Contract

RNS Number : 9071H

Carillion PLC

27 June 2013

 

27 June 2013

Carillion Joint Venture secures £130 million Hotel contract in Abu Dhabi

Carillion's Joint Venture business in the United Arab Emirates, Al Futtaim Carillion, has been awarded a £130 million contract by Mubadala to design and build a luxury Hotel on Al Maryah Island in Abu Dhabi's new Central Business District. 

Construction of this five-star hotel, which will be 144 metres high and have a floor area of 100,000 square metres, will start in June 2013 and is scheduled for completion by the end of 2015.    

Securing this prestigious contract reflects the strong relationship between Al Futtaim Carillion and Mubadala Development Company (MDC) for whom Al Futtaim Carillion is currently delivering two other contracts in Abu Dhabi, namely, the £600 million contract to construct New York University Abu Dhabi on Saadiyat Island and a £20 million enabling works contract for the Advanced Military Maintenance Repair Overhaul Centre at Al Ain.

Commenting, Carillion Chief Executive, Richard Howson, said: ''We are delighted to have been selected for this prestigious contract, which reflects our reputation for delivering high-quality projects.  We look forward to working with Mubadala to design and build this state-of-the-art hotel and to building on the strong, long-term relationship we have with Mubadala in Abu Dhabi."      

This contract was classified as a probable order in Carillion's Interim Management Statement on 1 May 2013.

For more information

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

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

About MREI

Mubadala Real Estate & Infrastructure (MREI) operates as an equity partner and asset manager, focusing on social infrastructure projects and Real Estate investment opportunities, both within the UAE and overseas.

The unit develops strategic commercial, residential and leisure districts that are central to Abu Dhabi's long term development plans, as well as delivering supporting infrastructure essential to the Emirate's economic diversification. These major projects are part of the government's 2030 plan, a comprehensive strategy to develop the capital into an environmentally, socially and economically sustainable, world-class city.

MREI works to international standards of quality, functionality and sustainability. A number of local hospitality sector projects are attracting world-class hotel and leisure operators, which are vital to Abu Dhabi's growing luxury tourism industry.

Key Real Estate projects include Sowwah Square, the heart of Abu Dhabi's new visionary Central business district on Al Maryah Island. The unit is also responsible for the development of several pioneering infrastructure projects including the UAE University, Paris-Sorbonne University Abu Dhabi and Zayed University Abu Dhabi's new campus.

Collectively, these investments remain true to the Mubadala mandate by delivering positive financial and social benefit for the community while supporting the socio-economic development of the Emirate and providing long-term financial returns.

 

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