Kier enjoys Middle East success
26 January 2015
Kier Group has won a string of contracts in the Dubai and Saudi Arabia totalling UK£145 million (US$ 218 million).
The most significant scheme is a UK£ 100 million (US$ 150 million) mixed-use development in Dubai, UAE, for which Kier has been named preferred bidder. It has also landed two infrastructure projects on a new leisure park in Dubai worth UK£ 15 million (US$ 22.5 million).
In Saudi Arabia, Kier has secured a UK£ 30 million (US$ 45.5 million) infrastructure project with an unnamed state-owned company in the east of the country. Work on all projects is expected to start this month.
Commenting on these wins, Kier chief executive Haydn Mursell said, “These international awards are testimony to the strong relationships that we continue to develop with customers in the Middle East and the breadth of construction capability that we can offer customers in this market.”
“Kier has over 50 years’ of international experience and has doubled revenue in the business in the last year. These contracts demonstrate our ongoing appetite for new opportunities in international markets, as we move forward to deliver our five year growth strategy Vision 2020.”
Kier said that in the last 12 months it has doubled its international revenues and secured other prestigious projects in the Middle East for clients in the finance, leisure and education sectors. This includes a UK£ 47 million (US$ 70.5 million) Dubai Parks project and a UK£ 26 million (US$ 39 million) project for Dubai University.
