UK-based builder Carillion and its joint venture business, Al Futtaim Carillion, have signed, or been selected as the preferred bidder for, contracts in the UAE and Saudi Arabia that are worth in total £400 million ($675 million).
In Dubai, Al Futtaim Carillion has signed contracts to build two major luxury hotels that together are worth approximately £300 million ($506 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.
It added that construction of both hotels will begin shortly and are scheduled for completion in 2016.
In addition, Carillion and Al Futtaim Carillion said they have signed contracts for, or been selected as the preferred bidder for, a number of construction projects in Dubai and in 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.
via ArabianBusiness.com.
More about Dubai ...
How to get job in Dubai Hotels?
Dubai Smart Palms offer Free Wifi, mobile charging and more- The Arabian Resort, Dh2.5bn extension to Madinat Jumeirah Dubai
Al Sufouh tram, another Dubai wonder, to be opened in 2014- Red Tide brings Gloom to UAE Beaches
- McAfee selects Dubai to launch its first ever Cyber Defense Center
Makani: Geo Address system for Dubai buildings to enable coordinate tracking
How to Invest in Dubaicoin and Benefit from Dubai’s Blockchain Initiative- Dh5,000 fine for allowing others to use your health insurance cards
Fly Dubai to hire 600 pilots in next 5 years