Carillion JV wins next phase in Dubai Trade Centre

expat network

Carillion JV wins next phase in Dubai Trade Centre

Dubai World Trade Centre has awarded Al Futtaim Carillion (AFC) the main contract to deliver the next phase of work on the Dubai Trade Centre District (DTCD), a major development in the city’s Central Business District.

This phase comprises a 178,000-sq-m development and includes two office buildings of eight and twelve storeys.

The contract, worth approximately £125m ($191m) has begun and is scheduled for completion in Quarter 3 of 2017, Carrillion said in a press release.

AFC is 51% owned by Al Futtaim Limited of Dubai and 49% by the UK’s Carillion Construction Overseas Limited.

The joint venture is nearing completion of the earlier phase, which was awarded in 2014. This latest award takes the overall value of AFC’s work on this site to around £200m.

This contract was classified as a probable order in the announcement made by Carillion on 12 October in which it reported that the Group had won £1.7bn.

Source and Link: Global Construction Review

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.