News tagged "Arabtec"

Arabtec Wins Dhs1.037bn Emaar's Mira Contract

6th March 2014

Dubai's Arabtec Holding announced that its subsidiary, Arabtec Construction, has won a Dhs.1.037 billion contract from Emaar Properties. As per the contract, Arabtec will construct 1,582 townhouses in the Mira community, the first phase of Emaar’s master development Reem. The Reem development, located near Arabian Ranches was launched by Emaar in 2013. It includes several residential communities to be unveiled in phases. It will also feature a desert botanical park, sand surfing and camel riding trails, go karting track, dune buggies, rock climbing wall, cricket pitch, soccer field, and a skate park.[..]

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Arabtec wins $5.5b contract from Aabar

2nd February 2014

Arabtec is understood to have secured a Dhs.20 billion ($5.5 billion) contract from Abu Dhabi state fund Aabar to build as many as 37 major buildings across the United Arab Emirates as reported by Gulf News. The contract is one of the largest construction deals awarded to any contractor in the country. Aabar plans to build 12 mixed-use towers and 14 residential towers in Abu Dhabi, in addition to six furnished hotel apartment buildings and four hotels in Dubai. All the projects are expected to be completed before 2020 Dubai World Expo.[..]

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