21 March 2014
BALFOUR BEATTY JOINT VENTURES AWARDED DUBAI MALL EXPANSION WORTH OVER £200 MILLION
Balfour Beatty, the international infrastructure group, today announces the award of a £214 million (1.4 billion UAE Dirhams) contract in downtown Dubai for Emaar Properties PJSC, to its Dubai based joint venture, Dutco Balfour Beatty.
The contract for expansion works to the Dubai Mall, the world's largest shopping mall, six years after Dutco Balfour Beatty completed its original construction, involves construction of a new 'Fashion Avenue' in between the existing Dubai Mall and the world's tallest building, the Burj Khalifa. The extension will allow the Mall to increase its annual capacity to over 100 million visitors.
Balfour Beatty CEO Andrew McNaughton said, "The Middle East is a growth region for the Group and we are very pleased to continue our partnership with Emaar Properties on the development of downtown Dubai which builds on the original construction of the Dubai Mall."
Dutco Balfour Beatty will also provide additional access bridges, parking facilities, and coordination with new and existing tenants.
BKGulf will provide mechanical and electrical services on the project as part of a joint working agreement with Dutco Balfour Beatty. It will utilise its in-house pre-fabrication facility to manufacture mechanical, electrical and plumbing modules off site, creating cost and time savings and improving safety in the heavily built-up area.
At its peak, the project will employ over 2,000 operatives in the region and is due for completion in early 2016.
ENDS
Analyst/investor enquiries:
Anoop Kang
Balfour Beatty
Tel. +44 (0) 20 7216 6924
[email protected]
Media enquiries:
Patrick Kerr
Balfour Beatty
Tel. +44 (0) 20 7963 4258
[email protected]
Notes to editors:
1. Balfour Beatty (www.balfourbeatty.com) is an international infrastructure group that delivers world class services essential to the development, creation and care of infrastructure assets; from finance and development, through design and project management to construction and maintenance.
Our businesses draw on more than 100 years of experience to deliver the highest levels of quality, safety and technical expertise to our clients principally in the UK and the USA, with developing businesses in Australia, Canada, the Middle East, South Africa and South East Asia.
With proven expertise in delivering infrastructure critical to support communities and society today and in the future, our key market sectors focus on infrastructure - transportation (roads, rail and aviation), power and energy, water, and complex buildings (both commercial and social).
Balfour Beatty employs 40,000 people around the world.
2. Dutco Balfour Beatty is the contracting entity with Emaar Properties PJSC, but works will be carried out with Balfour Beatty's Dubai based mechanical and electrical contractor, BKGulf, in a joint working agreement.
3. Balfour Beatty is a 49% Joint Venture Partner in both Dutco Balfour Beatty LLC and BKGulf LLC.
