Kier wins Dubai accommodation contract

expat network

Kier wins Dubai accommodation contract

A 50-50 joint venture of Kier and Arabian Construction has won a £150m accommodation project in Dubai.

Kier has been awarded a £75 million contract in Dubai to deliver a second staff accommodation project on behalf of Nshmi, a local developer and existing client. The project will be funded with the support of UK Export Finance.

Plot 35 on Town Square is a major new mixed-use development under construction in Dubai. Total BUA is 171,224 sq metres including 1,496 apartments, retail and leisure facilities (shops, swimming pool and gym).

The contract value is GBP150m and its being undertaken in a 50-50 JV between Kier and Arabian Construction.

This is the second accommodation development Kier has been awarded by Nshmi; they received a GBP50m award last November (this was not a Joint Venture) and they they are also delivering a package of infrastructure works on the Town Square site for Nshmi; this contract was awarded last summer and is worth GBP12m.

About Kier
Kier Group plc is a leading property, residential, construction and services group which invests in, builds, maintains and renews the places where we work, live and play. They operate across a range of sectors including defence, education, housing, industrials, power, transport and utilities.

Source: www.kier.co.uk

Moving Abroad Checklist

Initial Considerations

Will your partner be travelling with you?

If so, what will they be giving up in your present home and will they be able to continue with their career in your new home? You will need to check whether a separate visa is required for your partner to work or if your visa gives that right. If they are unable to work you will need to decide on the effect on your finances and what alternatives are available to give a fulfilling life (home business, training, voluntary work).

Are you taking family with you?

Moving with family raises many exciting opportunities, but also can create challenges. The HSBC Expat Explorer survey indicates that expat kids can take six months to settle in to their new country (see article). Getting young or even older children to prepare to move and leave their friends and family behind can be a challenge and should be thought through.

The options for education is another area that needs to be thought through.

Moving your child to a new country with a different education system can be a great opportunity to broaden their experience, but if they are close to key exams the timing can make this inadvisable. If you do take your family with you, it is important to decide between joining the local school system or choosing an international school.

Where will you be living?

Whether you will be living in a house or apartment, furnished or unfurnished, these decisions will affect what you need to take with you. The time you are planning to live overseas will also affect whether you should leave your property at home empty, rent it out or sell it. See the article Sell, Store or Ship.