Arabtec hires advisory firm AlixPartners to reform business
25th April 2016
Loss-making Dubai contractor Arabtec's board has hired restructuring advisory firm AlixPartners to help it strengthen its capital structure and reform its business, three sources aware of the matter told Reuters on Sunday.[..]
Dubai's Arabtec may break even in 2016
21st April 2016
Loss-making Dubai contractor Arabtec may break even in 2016 and should return to profit the following year, the company's chairman said on Wednesday.[..]
GCC contractors must strategise to avoid failures amidst slow economic conditions
22nd March 2016
GCC contractors must strategise to avoid failures amidst slow economic conditions, an industry peer said.[..]
Dubai's Arabtec announces no change to board of directors
8th March 2016
Dubai-based contractor Arabtec has denied any rumours surrounding the appointment of Hasan Ismaik as the chairman/member of board of directors for the company.[..]
Arabtec reports net loss of US$ 626 mn for 2015
22nd February 2016
UAE-based contractor Arabtec widened its net loss to $626m (AED2.3bn) for the whole year of 2015 as compared to $58.5m (AED215m) in 2014.[..]
Saudi's Al-Khodari reports second successive loss in Q4 2015
21st January 2016
Saudi Arabian contractor Abdullah Abdul Mohsin al-Khodari and Sons reported a second successive loss in the fourth-quarter of 2015.[..]
Bahrain based MEP Global Mechanical and Electrical Contracting to enter Saudi and Qatar markets
11th June 2014
Bahrain based Global Mechanical & Electrical Contracting, established in 2007, is planning to enter the markets of Saudi Arabia and Qatar over the next two years, according to Mahmood Kooheji, vice-chairman of the company's parent group.[..]
Top Building Contractor Awards in the GCC in Q1, 2014
29th May 2014
The contractors witnessed brisk activity in the first quarter of 2014 with building sector alone contributing a rise of over 25% in contractor awards in the GCC Countries as compared to same period in 2013. The top projects in which contractors were appointed in the months of January, February and March 2014 are listed in the table below. Arabtec, Construction and Reconstruction Engineering Co. (CRC), Syed Hamid Behbehani & Sons, Al Hani Construction & Trading rank in the top in terms of value of contracts awarded.[..]