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UK’s Carillion upbeat over UAE prospects

UK-based Carillion has said it expects to announce more contract wins in the UAE in coming months, as the construction and support services firm braces for an uptick in construction activity in the Middle East, Reuters has reported. "The UAE, Abu Dhabi and Dubai have been slow, but we are starting to see signs of improvement in those economies," CEO Richard Howson said. "We've won nearly £600m of the work in the last 6-8 months in the UAE and we expect that we'll announce further wins over the next couple of months there," he said. The firm's Middle East construction arm accounts for a tenth of its business.