Carillion CEO John McDonough's comments are a shot in the arm for the regional industry.
British building and outsourcing giant Carillion has reported improved first-half earnings, partly on the back of its continuing strong order book in the Middle East.
The firm said that its Middle East construction services business would increase 2009 revenues to around US $975 million from $754 million last year at margins of around 6% due to its strong order book in the region.
"It's a myth that Dubai has completely stopped; there are opportunities there, but I wouldn't say it is booming," said Carillion chief executive John McDonough, according to Reuters.
"Abu Dhabi is going well, and we're moving into Qatar next year, and we see the infrastructure side of things being very promising for us."
Overall, the housing major said that its rising earnings were also helped by growth in support services and public sector projects.
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FEATURED COMMENT
I think the comments say it all. I am sure that the employees at AFC will have a hearty laugh with this article. Way to
BS!
I think the comments say it all. I am sure that the employees at AFC will have a hearty laugh with this article. Way to go CEO lol! Still living in wonderland huh?
John Smith (Jul 13, 2009) Dubai United Arab Emirates
Al Futtaim Carillion
This is a blatant lie! AFC is a sinking ship. Lets see if this article gets them some publicity in the market
DD (Jul 13, 2009) Dubai United Arab Emirates
Al Futtaim Carillion
Absolute rubbish! layoffs has been going on since Nov 08 till present. Blame the new 'management'.
Neol (Jul 13, 2009) Dubai United Arab Emirates
Carrillion
If only they would pay me what is owed then i could believe them, otherwise in my view this type of talk is another smoke screen
Dido (Jul 11, 2009) dubai United Arab Emirates
carillion H1 Report
if he think so, then why they keep layoff the people since last december untill today!!!!!!!!1
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FEATURED COMMENT
I think the comments say it all. I am sure that the employees at AFC will have a hearty laugh with this article. Way to