| Carillion JV prospers |
|
| 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. |


