5th Nov 2015 08:25
LONDON (Alliance News) - Construction and support services company Carillion PLC on Thursday said its Al Futtaim Carillion joint venture has been handed a GBP125.0 million contract to carry out work on the next phase of the Dubai Trade Centre District project.
The development is located between the current Dubai International Convention and Exhibition Centre and Emirates Towers in Dubai's central business district. The new phase includes a 178,000 square metre development and two high-specification office buildings of eight and 12 storeys respectively.
The work on the new phase has started and is due to complete by the third quarter of 2017.
"We are delighted to have been selected for the second phase of this major development in Dubai, where we continue to see 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," said Carillion Chief Executive Richard Howson.
Shares in Carillion were down 1.5% to 308.77 pence on Thursday.
By Sam Unsted; [email protected]; @SamUAtAlliance
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