April 1, 2019 / 6:36 AM / 5 months ago

Britain's Serco extends contract with Dubai Metro for up to $185 mln

April 1 (Reuters) - British outsourcing company Serco said on Monday it signed a contract to operate the Dubai Metro for another two years for up to AED 680 million ($185.14 million).

Under the contract with the Roads and Transport Authority (RTA), the company will maintain and operate the Red line of the Dubai Metro till September 2021. Serco first began providing its services to the Dubai Metro in 2009.

A run of recent contract wins had led the British outsourcer to raise its 2019 profit and revenue forecasts in February, marking a bright spot in a troubled outsourcing sector in Britain which is grappling with Brexit related uncertainties. ($1 = 3.6728 UAE dirham) (Reporting by Pushkala Aripaka in Bengaluru; Editing by Arun Koyyur)

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