Building big

UK support services company, Carillion, has negotiated three new contracts, worth approximately £205m, for its joint-venture businesses in the Middle East.

Al Futtaim Carillion (AFC) has been awarded a £125m contract by Emaar Properties to build two residential towers, including retail facilities and underground parking, at its Burj Dubai development.

In DubaiFestivalCity, AFC has also secured a £60m contract from Al Futtaim Group Real Estate for the first stage of work on Al Badia Business Park.

An additional contract, worth £20m, has been awarded to Carillion Alawi to begin the next stage of infrastructure facilities at the inaugural Asian Beach Games for the Oman Tourism Development Company.

John McDonough, Carillion chief executive, said: ‘We are delighted with the progress our joint-venture businesses are making in the Middle East, where we continue to have an excellent order book and pipeline of opportunities to negotiate high-quality orders with long-term key customers.

‘These latest contracts keep us firmly on track to achieve our objective of doubling Carillion’s share of its joint-venture revenues to over £600m by the end of 2009, at a margin of some six per cent.’

Carillion’s share of the revenues generated from these contracts will be approximately £113m.