Marconi Gets $550M Dubai Contract

Has been chosen to supply advanced communications solutions for planned community

October 30, 2000

1 Min Read

PITTSBURGH -- Marconi (Nasdaq: MONI; London) a global supplier of advanced communications solutions, has been chosen to create and supply the communications of the future for the world's first truly intelligent city: an entirely new business, government center and residential community of 80,000 to 100,000 people called Dubai Marina, being built at a cost of more than $4 billion in the United Arab Emirate of Dubai. UAE-based developer EMAAR has appointed Marconi as technology partner in a deal expected to be worth more than $550 million to the company over the next 10 years. Its brief is to design, build and operate a totally new communications network for Dubai Marina, Emirates Hills and Emirates Lakes, using the most advanced technologies and applications available -- including regular upgrades so that it remains at the cutting edge of global communications.

Neil Sutcliffe, CEO of Marconi's Services Division, said: "EMAAR chose Marconi because we were the only company able to present a forward-looking vision of communications to help realize its dreams for the city of the future -- and back it up with the resources to deliver a fully working, fully integrated system."

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