LONDON-LISTED construction services firm Carillion yesterday said that its joint venture business in the Middle East has signed contracts to build two new luxury hotels in Dubai, worth a total of £300m.
As part of the agreement, Al Futtaim Carillion will construct a luxury 435-room hotel resort for Jumeirah Group, which will be located next to the landmark Burj Al Arab hotel. Work will start shortly and is scheduled for completion in 2016.
Carillion and Al Futtaim Carillion have also signed contracts, or been selected as preferred bidder, for a number of construction projects in Dubai and Saudi Arabia in the healthcare, retail, leisure and residential sectors, for a total value of £100m.
“These latest contract successes continue to reflect the improving outlook in most of our Middle East markets,” said Carillion chief executive Richard Howson.