Friday 29 May 2015
 
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Arabtec

Egypt 'approves' Arabtec's million homes project

Dubai-based builder Arabtec has received Egyptian cabinet approval for a housing project to build a million homes, said Egypt's assistant housing minister Khaled Abbas on Monday a day after media reports stated that the deal had fallen throu

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Construction firms benefit from Bentley’s i-models

Many construction firms have improved the efficiency of project delivery and construction workflows by leveraging Bentley’s i-models as a way of improving handoff and handover of 3D information models and project documentation.

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Arabtec swings to surprise net loss in Q1

Dubai's largest construction firm Arabtec swung to a first-quarter net loss on Wednesday, missing analysts' estimates, as costs surged. The builder reported a loss attributable to equity holders in the parent of Dh279.82 m

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Al Rumaithi named new Arabtec chairman

Dubai builder Arabtec said on Wednesday that its board had elected Abu Dhabi businessman Mohamed Thani Murshed Ghannam Al Rumaithi as its new chairman in a move that analysts said could unnerve investors who have witnessed much turmoil in recent

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Arabtec eyes funding for big Egypt housing project

Dubai builder Arabtec said on Wednesday it was in talks with several local and international banks on financing the first phase of its project to build one million housing units in Egypt. Arabtec, which has yet to sign a final dea

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Arabtec profit on Egypt project 'won't top 7.5pc’

Dubai-listed construction firm Arabtec will have a profit margin not exceeding 7.5 per cent for its project to build homes in Egypt, a company spokesman said on Saturday. He also told Reuters that within six months of work on the

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Arabtec seals $36bn Egypt homes project deal

Dubai-listed Arabtec has agreed terms with Egypt's Ministry of Housing for the first phase of a EGP280 billion ($36.70 billion) plan to construct one million homes across the country, the builder said on Thursday. Arabtec will

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Arabtec wins $283m Saudi Aramco villas project

Dubai's Arabtec has been awarded a Dh1.04 billion ($283.16 million) contract from Saudi Aramco to build 380 villas in Saudi Arabia, the contractor said on Tuesday. Arabtec, which this week put four of its five Saudi subsidiari

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Arabtec seeks to sell four Saudi units

Dubai's Arabtec plans to sell four of its five Saudi Arabian units, according to the builder's annual results which also state that one of its main aims this year is to expand its activities in the kingdom. The board of Ar

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Arabtec 2014 profit plunges 48pc on high costs

UAE-based Arabtec, a leading construction firm, on Sunday reported a net profit of Dh241.6 million ($65.7 million) for full-year 2014 versus Dh468.3 million ($127.4 million) in the previous year, marking a decrease of 48.4 per cent.

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