Driver Group plc
12 January 2006
DRIVER GROUP PLC
('Driver Group')
MAJOR CONTRACT AGREEMENT IN ABU DHABI
Driver Group, which provides specialist commercial, project planning and dispute
resolution services to the construction industry, announces that it has
concluded a significant agreement in Abu Dhabi with an international Engineering
Consultancy. Under the terms of the agreement, Driver Group will be providing
commercial and project planning services in connection with a US$14.7bn property
development in Abu Dhabi. The contract is for an initial three years and will
support a minimum of six consultants, potentially increasing to 15 consultants
over the term of the agreement. With the minimum resource level of six
consultants, this project should make a significant contribution to securing
Driver Group's forecast profit for its operations in the United Arab Emirates
for the financial year to 30 September 2006.
The mixed use property development includes signature commercial buildings,
retail, leisure, health and community facilities. At this stage, Driver Group is
unable to name the project or client as the agreement contains express
provisions for confidentiality.
Steve Driver, Chief Executive Officer of Driver Group, commented,
'I am delighted to announce this contract. It is a substantial win for Driver
Group and represents a material step forward for our business in the United Arab
Emirates. We opened an office in the region last year and have surpassed our own
expectations in the progress we have made in establishing ourselves in this
marketplace. This significant agreement reflects the high quality reputation we
have established in the UK where our clients include six out of the ten largest
UK contractors.'
Enquiries:
Driver Group plc Steve Driver, CEO T: 01706 244 172
WH Ireland David Youngman T: 0161 832 2174
Biddicks Katie Tzouliadis T: 020 7448 1000
This information is provided by RNS
The company news service from the London Stock Exchange