Contractor's share of revenues on new contracts in Dubai and Oman will be £113m

Carillion has secured new contracts worth around £113m to it through joint ventures in the Middle East.

Two of its joint ventures have negotiated three new contracts in the Middle East, worth around £205m, of which Carillion's share of the revenue will be some £113m.

John McDonough
McDonough: "on track to doubling Carillion's share of JV revenues to over £600m by the end of 2009"

In Dubai, Al Futtaim Carillion has agreed a £125m contract to build two residential towers alongside other retail facilities for Emaar Properties at its Burj Dubai development.

It has also been awarded a £60m contract for the first phase of the Al Badia business park at Dubai Festival City.

In Oman, Carillion Alawi has secured a £20m contract to build the next phase of infrastructure facilities for the Asian Beach Games, for the Oman Tourism Development Company.

John McDonough, chief executive of Carillion, said: “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 6%.”