Al Futtaim Carillion wins $506m Dubai luxury hotels deal

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.