Carillion's UAE joint venture preferred bidder for £380m Dubai contracts

25th Feb 2015 09:25

Integrated support services Carillion said its United Arab Emirates joint venture business Al Futtaim was close to securing two deals worth a combined £380m.Meraas has chosen Al Futtaim as the preferred bidder for a mixed-use development on the Dubai Creek waterfront worth £225m.The site will host beverage, food and other retail buildings, three hotels, a mosque, museums, a market and a number of underground and multi-storey car parks.Al Futtaim has also been chosen by the same company to work on a high street retail and public facility, worth £155m, at the palm island Jumeirah in Dubai, which involves "substantial external landscaping" to create more than one kilometre of "beach-themed frontage".Carillion shares were up 0.08% to 367.00p at 09:44 on Wednesday.