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