Construction firm Carillion Alawi to continue regular operations in Oman
January 18, 2018 | 1:32 PM
by Times News Service
Image used for illustrative purpose. Photo: Reuters/File

Muscat: Carillion Alawi, the UK-based construction and services company Carillion's Omani presence, has issued a statement regarding the continuing of its operations in the Sultanate.

The British company on Monday was forced into compulsory liquidation after costly contract delays and a downturn in new business that prompted a string of profit warnings and a first-half loss of more than 1 billion pounds ($1.4 billion).

In the statement, Carillion Alawi said that Overseas Joint Ventures such as Carillion Alawi were not part of this liquidation, and would continue to operate uninterrupted.

Here's the statement in full:

"You may be aware, through various media releases that Carillion plcand certain UK Carillion entities have been placed in Liquidation and an Official Receiver has been appointed with PwC as Special Managers.

"For those of you that have read the entire official statement you will note that Overseas Joint Ventures such as Carillion Alawi are notpart of this liquidation, and continue to operate uninterrupted.

"Each overseas operation including Carillion Alawi remains outside of this process. Carillion Alawi continues to operate as normal with the support of its local partner and other valued stakeholders.

"The business will continue to deliver safely and to the high standards that our customers expect from us on all of our operations across the Sultanate of Oman.

"We thank our customers and delivery partners for their ongoing support during this period and look forward to further building on our 52 years of proud experience here in Oman."

With agency inputs.

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