CarillionJV secures £240m Oman contract

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CarillionJV secures £240m Oman contract

Carillion Alawi, a 50:50 Joint Venture with the Zawawi family, has signed a letter of award with the Oman Ministry of Health as the preferred bidder in respect of the design and build of the New Sultan Qaboos Hospital in Salalah. The contract has an estimated value of c£240 million to the Joint Venture.

The contract will consist of a two stage design and build process. The initial design and mobilisation phase, which will be directly funded by the customer, will commence immediately. The second phase would commence in 2018 once the design has been completed, the contract executed and funding finalised.

A further letter of award is due to be signed shortly by Carillion Alawi, also with the Oman Ministry of Health, in respect of a hospital in Khasab. The contract is on similar terms to those for the Salalah award and, if it were to go ahead, would have an estimated value of c£120m to the Joint Venture.

Both contracts are procured via lower risk procurement routes, for example through seeking support from UK Export Finance to secure project finance for customers. The Group continues to look at ways in which it can de-risk its operations in the Middle East, working with its partners in the region to secure the future of this business.

About Carillion

Carillion is a leading international integrated support services business. They employ around 43,000 people and operate in the UK, Canada and Middle East.Their

Their four business segments:

Support services – Facilities management, facilities services, energy services, rail services, road maintenance and utility services.

Public Private Partnership (PPP) projects – Investing activities in PPP projects range from defence, health, education, transport, secure, energy services and other Government accommodation.

Middle East construction services – Bbuilding and civil engineering activities in the Middle East.

Construction services (excluding the Middle East) – Market leading consultancy, building, civil engineering and developments activities in the UK.

Source: www.carillionplc.com

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.