01 April 2016

Arabtec has won a Dh1.7-billion ($462.85 million) contract from the UAE federal government to build 1,100 houses for Emirati nationals in the Northern Emirate of Fujairah.

Arabtec, 36-per cent owned by Abu Dhabi state fund Aabar Investments, said construction would begin immediately and is expected to take about two-and-a-half years.

Meanwhile, Arabtec Holding has been awarded a contract to build a Dh1.1-billion ($300 million) twin-towers project in central Dubai. Comprising 50-storey towers, the project includes residential apartments with a total area of more than 227,800 sq m, the company said. Construction will start imminently and last two-and-a-half years, Reuters reported.

• Winning Expo pavilion designs revealed
• Work set to start on iconic residence
• $2bn funds boost for Northern Emirates
• Solar park gets advisers
• Update
• Arabtec to build 1,100 houses
• Panasonic poised for further growth
• Dorma+kaba to serve GCC ‘even better’
• Snaidero opens flagship studio in Dubai
• RTA awards $166m contract
• wasl completes key residential community

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