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