AED721m Construction Contract for Two Grade A Office Properties

Dubai, UAE. 5 November 2015: Dubai World Trade Centre has awarded Al Futtaim Carillion the main construction contract to deliver the phase 2 construction work on its Dubai Trade Centre District (DTCD) - an integrated mixed used real estate development comprising 535,000 square metres of gross floor area located between the current Dubai International Convention and Exhibition Centre and Jumeriah Emirates Towers in the heart of the city's Central Business District.

This second phase comprises two Grade A office properties of 8 and 12 storeys, designed by the firms of Hopkins Architects and WSP, with a total gross floor area of 94,000 square metres. The contract, worth AED721 million, has commenced and is scheduled for completion in Q3 of 2017.

Located in one of the Emirate's key business districts and adjacent to the landmark Dubai World Trade Centre complex, the strategically located DTCD will have access to the Dubai Metro and seamless connectivity with the existing integrated convention and exhibition facilities and amenities.

At present, Al Futtaim Carillion is nearing completion of the first phase of the DTCD development, which comprises an 8 storey office building and a 588 room business hotel operated by the Accor Group under the Ibis flag. This latest award takes the overall value of Al Futtaim Carillion's work at the DTCD development to around AED1.2 billion.

The DTCD development is being designed to best-in-class quality standards and 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 addition of international standard Grade A office properties in the heart of Dubai's highly sought after business and commercial corridor, allows us to provide well appointed, high quality, flexible spaces, delivering a market driven commercial offering in Dubai's central business district," said Gurjit Singh, Senior Vice President - Real Estate, Dubai World Trade Centre.

"Coupled with the location's newly established Free Zone status under the Dubai World Trade Centre Authority, we are well placed to deliver a business-conducive and professionally managed destination that serves as a strong incentive for global, regional and local multinationals to headquarter their regional bases in Dubai."

The three new office properties being developed will provide a net leasable area of approximately 84,000 sq m, together with approximately 6,400 sq m of net leasable multi format retail space, served by 2,150 parking bays in a 4 level basement.

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".     

About Dubai World Trade Centre
With a vision to make Dubai the world's leading destination for all major exhibitions, conferences and events, DWTC has evolved from being the regional forerunner of the fast growing MICE industry into a Free Zone multi-dimensional business catalyst, focusing on Venues, Events and Real Estate Development and Management. Complementary to the primary service offerings are a range of value added services from media/advertising, engineering and technical consultation and wedding planning, security services and an award winning hospitality portfolio.

About Carillion 
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

© Press Release 2015