Carillion JV prospers E-mail
Thursday, 26 June 2008

Carillion's Middle East joint venture has negotiated five new orders in the region worth £1.1bn in total, the company has announced.

Futtaim Carillion (AFC), of which the UK firm owns 49%, has won the contracts which a partnering deal for the £465m TimeZone Business Park development of the Dubai Multi Commodities Centre Authority.

An infrastructure works deal for the Burj development of Emaar Properties is worth up to £200m, while building and infrastructure works for the Motor City development of Union Properties could earn £160m.

"We are increasingly confident that we will double our revenue from the region to over £600m by the end of 2009, at stable margins of some 6%," said Carillion's John McDonough.

 

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