Meraas, a Dubai-based developer, has awarded a contract worth Dh765 million to Al Futtaim Carillion, UK-based Carillion's joint venture in the UAE, for construction of The Avenue Phase 2 City Walk development in Dubai.
The contract includes the construction, commissioning, testing and completion of the second phase of a high-quality family entertainment and retail development of over one million square feet in the Jumeirah area of Dubai, Carillion said in an announcement on the London Stock Exchange.
Al Futtaim Carillion completed the first phase of this major development in 2013.
Construction will commence immediately with completion in the second quarter of 2015, the company said.
Commenting, Carillion Chief Executive, Richard Howson, said: ''We are delighted to have been selected for this major new development in Dubai, where we continue to see more opportunities coming to market for which our capabilities and reputation for delivering to high standards of quality, safety and reliability are important to customers. We look forward to working with Meraas to deliver this prestigious development."