Britain's International Trade Secretary announces US$600m to help UK companies win major infrastructure contracts in UAE

Abu Dhabi, 6 July 2017, WAM - UK Trade Secretary, Liam Fox, has announced that the UK’s export credit agency, UKEF, will provide support to construction companies Carillion and Kier who have won contracts in the UAE.

The announcement came as the British government launched a new initiative bringing together the UK’s leading firms from the infrastructure industry with government in a new partnership to help UK companies secure major international contracts.

Kier has won contracts for the construction of the Dubai Arena, a 17,000-seater entertainment and sports venue, and two staff accommodation buildings. UKEF will be guaranteeing US$455 million for Kier to carry out the projects.

Carillion, which is also a Queen’s Award winner, will design and build the latest phase of "One Central", Dubai World Trade Centre’s new mixed-use development in Dubai’s central business district. Carillion has already delivered the first and second phases of the development, and the new contract that will see them construct two new office towers with UKEF support of $180 million.

International Trade Secretary Liam Fox said, "With these flagship infrastructure projects, Kier and Carillion are helping to directly shape Dubai’s economy by boosting tourism and business infrastructure. This is yet another example of the UK’s global leadership in the infrastructure sector, and the Department for International Trade, as an international economic department, is proud to be helping these two outstanding firms succeed abroad with the backing of UK Export Finance." – Emirates News Agency, WAM

[Image credit: Getty Images]


d : 06 July 2017