Keller says half-year results are ahead of expectations as it wins more piling and ground improvement works
Ground engineer Keller has won £55m worth of contracts for piling and ground improvement works in the Middle East.
Three contracts totalling about £40m are part of the development of a new petrochemical complex for Saudi Kayan, the Saudi Arabian petrochemical company in Al-Jubail, Saudi Arabia. These were awarded to Keller Turki, a 65%-owned subsidiary of Keller.
In the United Arab Emirates, the group is currently working on two contracts valued at around £15m at Al Raha Beach.
Justin Atkinson, Keller chief executive, commented: "Our increased strategic focus in the Middle East, coinciding with the local construction boom, is creating excellent opportunities for the group in this region. These contract awards have contributed to an all-time high order book for the group as a whole, creating a strong platform as we move into the second half of the year."
In a trading update issued today, Keller said its board now expects that the group's results for the half year ending 30 June 2007 will be ahead of last year's first-half.
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