IRV Interserve

TIDMIRV

RNS Number : 3729K

Interserve PLC

21 September 2016

21 September 2016

INTERSERVE JV WINS GBP81 MILLION UAE MALL EXPANSION CONTRACT

Interserve's construction joint venture Khansaheb, has been awarded a GBP81 million contract by Middle East developer Majid Al Futtaim (MAF), to expand and upgrade the City Centre Ajman mall in the United Arab Emirates (UAE).

Under the contract, Khansaheb will more than double the size of the existing mall from 32,000m(2) to 70,000m(2) , expand a number of retails units and build a new car park, creating 2,400 new parking spaces.

The contract also includes the addition of new mechanical and electrical installations to serve the expanded mall, the creation of new walkways, food courts, offices and a children's entertainment venue. It further includes exterior landscaping work and the re-configuration of access roads leading to the mall.

Steve Flint, Khansaheb's General Manager said:

"This contract win demonstrates Majid Al Futtaim Group's ongoing confidence in Khansaheb's capabilities in the retail sector, as it closely follows the successful expansion of Dubai's premier shopping centre, Mall of the Emirates."

The project will be delivered in a number of phases to enable the existing mall and facilities to remain fully functional and open to the public.

The project has commenced and is expected to be completed by July 2018.

- Ends -

For further information please contact:

   Rhys Jones, Group PR Manager                        +44 (0) 118 9602285 
   Michael Kinirons, CNC Communications            +44 (0) 203 219 8816 

About Interserve

Interserve is one of the world's foremost support services and construction companies. Our vision is to redefine the future for people and places. Everything we do is shaped by our core values. We are a successful, growing, international business: a leader in innovative and sustainable outcomes for our clients and a great place to work for our people. We offer advice, design, construction, equipment, facilities management and frontline public services. Headquartered in the UK and FTSE listed, we have gross revenues of GBP3.6 billion and a workforce of circa 80,000 people worldwide.

www.interserve.com

For news follow @interservenews

This information is provided by RNS

The company news service from the London Stock Exchange

END

CNTQBLFLQKFFBBB

(END) Dow Jones Newswires

September 21, 2016 02:00 ET (06:00 GMT)

Interserve (LSE:IRV)
Historical Stock Chart
From Apr 2024 to May 2024

Interserve (LSE:IRV)
Historical Stock Chart
From May 2023 to May 2024