Posted on Thursday 26 August 2010 by Ulster Business

Antrim company Mivan has secured a contract worth over £90m in Egypt - one of the largest contracts in its history.

The deal is a commercial and residential construction project working for Al Futtaim Real Estate Development at the Cairo Festival City project. Mivan recently completed a construction management contract for the same client on the construction of a number of themed ‘Oriana Villas’ also on the Cairo Festival City site. The contracts are Mivan’s first in Egypt during a 35-year history in which it has worked in over 40 countries. The company will be on site until August 2013 for the latest project, which involves the construction and fit-out of offices, apartment blocks and retail units. Mivan’s Acting Chief Executive Mervyn McCall said: “The Festival City project in Cairo is one of the most impressive masterplans for the region. Egypt and Cairo in particular is going through exciting changes and Mivan is pleased to be involved with its development. This series of contracts also marks our first project with Al Futtaim, a global player in every sense.” The success follows hard on the heels of Mivan winning a £2m contract for the re-fit of the Pacific Pearl cruise liner. The deal will see Mivan work for Carnival Australia, for whom it recently completed the £1m refit of the Pacific Dawn in Australia. Work on the Pacific Pearl will take place in Singapore in November this year for 36 days, with Mivan refitting the ship’s Salt Grill and Waterfront restaurants, Sunweaver Café and Connexions and Oasis Bars. The 63,500-tonne superliner will have her inaugural cruise from Auckland on 22 December 2010, joining P&O Cruises Australia’s existing fleet of three ships, Pacific Dawn, Pacific Sun and Pacific Jewel. Following the refurbishment it will have capacity for around 2000 passengers. Mivan now employs 375 staff worldwide.

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