Carillion JV wins Dubai Trade Centre contract

Carillion’s Al Futtaim Carillion joint venture has won a £125m contract to carry out the next phase of work on the Dubai Trade Centre District.

The construction and support services group said the development is located between the current Dubai International Convention and Exhibition Centre and Emirates Towers in the heart of the city’s Central Business District.

This phase of the work comprises a 178,000 square metre development and includes two high-specification office buildings of eight and 12 storeys.

Carillion said the contract has already begun and is scheduled for completion in the third quarter of 2017.

Chief executive Richard Howson said: “We are delighted to have been selected for the second phase of this major development in Dubai, where we continue to see more opportunities coming to market for which our capabilities and reputation for delivering to high standards of quality, safety and reliability are important to customers.”

At 1035 GMT, Carillion shares were down 1.1% at 310p.