Carillion announces $318.5m in Mid-East orders

Carillion says it has secured “probable” orders worth approximately $318.5m for projects in the Middle East already in 2013, in Oman, Abu Dhabi and and its first major project in Saudi Arabia.

Commenting, Carillion chief executive, Richard Howson, said: “Although markets remain challenging, we have made a good start to the year in terms of new orders and probable orders and I am particularly pleased with our progress in the Middle East.”

He added: “The secondary market for PPP equity remains strong and continues to support our policy of selling investments in mature projects and reinvesting the proceeds in new projects.”