Dubai World Trade Centre has awarded the local/UK Al-Futtaim Carillion the $191m contract to build the next phase of the Dubai Trade Centre District (DTCD).

The contractor is already working on the first phase, which was awarded in 2014.

2017 completion: The next phase is scheduled for completion in the third quarter of 2017 and involves the construction of two office buildings of eight and twelve storeys and a built-up area of about 178,000 square metres.

The first phase is a 146,000-square-metre development, with an eight-storey office building and a 588-room hotel.

In October 2014, the UK’s export credit agency, UK Export Finance (UKEF), has confirmed it has provided a $110m buyer credit to Carillion for the first phase of the project.