Contractor says it is expecting to double revenue in Middle East to £1bn within five years
Carillion has won a £124m deal to build two residential towers in Dubai.
The two towers, which are part of Emaar Properties PJSC’s 500-acre city centre development, will each be 45-storeys high with a three-level basement car park, ground floor, and a three-level podium. Construction has now started.
The firm also announced its interim management statement for the third quarter of 2010 today. According to the statement the firm is performing “well”. Over the past three months it has, along with the Dubai towers above, won £200m of work in the energy sector and £60m in the financial sector.
The statement said: “In Canada and in the Middle East, we expect to double our annual revenue over the next three to five years, in each case to around £1 billion.”
“In UK support services, we expect substantial opportunities for growth as we move through 2011 and into 2012 and 2013, as pressure on both central and local government to reduce the cost of public services leads to an increase in outsourcing.”
The firm is continuing its strategy of reducing construction turnover.
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