UAE-based joint venture company Al Futtaim Carillion (AFC) has been named preferred bidder on two contracts in Dubai worth a total of UK£ 380 million (US$ 570 million).
AFC is the preferred bidder for a UK£ 225 million (US$ 344 million) contract to build a mixed-use development on the Dubai Creek waterfront. The project comprises restaurant and shop buildings, along with underground and multi-storey car parks, three hotels, a mosque, museums, traditional workshops and a market. The client for the project is Meraas Holding, a Dubai-based investment company.
Meraas is also the client for the UK£ 155 million (US$ 237 million) contract for the construction of 'La Mer' at Jumeirah in Dubai. AFC is preferred bidder for this scheme which entails construction retail and public-facility buildings, together with landscaping to create over 1 km of beach-themed frontage.
Carillion chief executive Richard Howson said, ''We are delighted to have been selected as the preferred bidder for these two major contracts. This reflects our reputation for high-quality and reliability and we look forward to working with Meraas to deliver these prestigious projects."
AFC has been active in the UAE and other parts of the Middle East in various guises since the 1950s. It is 51% owned by Al Futtaim, a UAE-based conglomerate, and 49% owned by UK-based contractor Carillion.