Carillion Plc Regulatory News (CLLN)

5 November 2015

Carillion Joint Venture signs £125 million contract for Phase 1A5 of Dubai Trade Centre District

Dubai World Trade Centre has awarded Al Futtaim Carillion (AFC) the main contract(1) to deliver the next phase of work on the Dubai Trade Centre District (DTCD), a major development 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 comprises a 178,000 square metre development and includes two high-specification office buildings of eight and twelve storeys. The contract, which is worth approximately £125 million has begun and is scheduled for completion in Quarter 3 of 2017. AFC is nearing completion of the earlier phase, which was awarded in 2014 and this latest award takes the overall value of AFC's work on this site to around £200 million.

The DTCD development is being designed to best-in-class quality standards and this phase will include international Grade A quality offices, which has achieved LEED® Gold precertification from the US Green Building Council - the industry benchmark for green building performance covering design, construction, operations and maintenance. The technology solutions and infrastructure being planned are aligned with the Dubai Government's Smart City strategic agenda, which was launched by Vice-President and Prime Minister of the UAE and Ruler of Dubai, His Highness Sheikh Mohammed bin Rashid Al Maktoum.

Carillion Chief Executive, Richard Howson, welcomed this latest award, citing the UAE as a core market for Carillion: "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. We look forward to continuing our close relationship with Dubai World Trade Centre to deliver this important development".

(1) This contract was classified as a probable order in the announcement made by Carillion on 12 October in which it reported that the Group had won £1.7 billion of new business since the half year.

Notes to Editors

Carillion is a leading integrated support services company with a substantial portfolio of Public Private Partnership projects and extensive construction capabilities. The Group had annual revenue in 2014 of some £4.1 billion, employs around 46,000 people and operates across the UK, in the Middle East and Canada. 

The Group has four business segments.

Support services - this includes facilities management, facilities services, energy services, utility services, road maintenance, rail services and consultancy businesses in the UK, Canada and the Middle East.

Public Private Partnership (PPP) projects - this includes investing activities in PPP projects for Government buildings and infrastructure, mainly in the Defence, Health, Education, Transport and Secure accommodation sectors.

Middle East construction services - this includes building and civil engineering activities in the Middle East.

Construction services (excluding the Middle East) - this includes building, civil engineering and developments activities in the UK and construction activities in Canada.

This and other Carillion news releases can be found at www.carillionplc.com

For more information

John Denning, Director Group Corporate Affairs, Carillion plc + 44 (0) 1902 316426

Finsbury

James Murgatroyd or Gordon Simpson + 44 (0) 207 2513801