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Mon 17 Mar 2014 02:22 PM

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Carillion wins $102m deal for delayed Dubai project

Builder hired to construct first phase of Dubai Trade Centre District which was first announced in 2008

Carillion wins $102m deal for delayed Dubai project

Dubai World Trade Centre said on Monday it has hired Al Futtaim Carillion to build for first phase of its Dubai Trade Centre District (DTCD) project.

The 146,000 square metre development will be constructed between the current Dubai International Convention and Exhibition Centre and Emirates Towers in the heart of the city’s Central Business District.

The initial phase, which includes an eight storey office building and a 588-room hotel, will see work begin next month, a statement said.

Completion is scheduled for the third quarter of 2015, with the contract worth about AED375 million ($102 million).

An operator for the hotel will also be announced in the coming weeks, the statement added.

The DTCD project was first announced in 2008 and scheduled for completion in 2011, but was put on hold following Dubai’s property market crash.

Carillion chief executive, Richard Howson, said: “We are delighted to have been selected for the first 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 working with Dubai World Trade Centre to deliver this important development,” added Howson.

Helal Saeed Almarri, director general, Department of Tourism and Commerce Marketing and CEO, Dubai World Trade Centre, said: “Apart from our convenient central location and ease of access, the DTCD development will be designed to best-in-class quality standards, and will deliver an extremely inter-connected and seamless experience for tenants, residents and visitors.”

The contract award has received praise from UK representatives as British firms look to strengthen ties with the emirate.

Her Majesty’s Consul General to Dubai, Edward Hobart, said: “The news that Dubai World Trade Centre has selected Al Futtaim Carillion to build the first phase of this major development in Dubai is wonderful... This is yet another example of British expertise playing its role in the impressive growth and development of Dubai’s infrastructure."

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