Carillion wins five new contracts in the Middle East
By Becca Wilkins26 June 2008
Contracts in the Middle East worth US$ 2.2 billion have been won by Britain's second biggest builder, Carillion, according to an online news report.
Al Futtaim Carillion, which is 49 % owned by the British company, won contracts including a business park being developed by the Dubai Multi Commodities Centre Authority, and infrastructure work on the Burj Dubai - the world's tallest tower.
The company also won another infrastructure package on the Motor City theme park, according to the report.
Chief executive of Carillion, John McDonagh said in a company statement, "Our Middle East business is well positioned in strong growth markets and continues to negotiate new work with long term key customers. We are therefore increasingly confident that we will double revenue from the region to over UK£ 600 million (US$ 1.19 billion) by the end of 2009, at stable margins of 6%."
He added, "Beyond that, the outlook is for continuing growth as our markets in the region are expected to remain strong for the next five to ten years."
In Abu Dhabi, Carillion won a US$ 400 million contract to build a hotel for a new Formula One racing circuit as well as an infrastructure package for a new aluminium smelter.