Monday 27 April 2015
 
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Arabtec

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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Egypt, Arabtec near accord on $40bn housing project

Egypt's housing ministry and Dubai's Arabtec have agreed some of the terms for a $40-billion project to build one million homes across the country, and they will sign a final contract within 10 days, a ministry spokeswoman said on Tuesda

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Egypt aims for final Arabtec housing deal by mid-March

Egypt's housing minister said that talks with Dubai-listed Arabtec are continuing and that he hopes to reach a final deal on a plan to build a million homes before a March 13 to 15 investment conference in Sharm El-Sheikh.

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Egypt, Arabtec to resume talks on $40bn housing plan

Arabtec's chairman will meet officials of Egypt's housing ministry on Wednesday to renegotiate the terms of a $40 billion plan to build one million homes in that country, a source familiar with the matter said. Dubai-liste

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Arabtec to start work on Egypt housing project

UAE-based builder Arabtec will start signing up Egyptian companies for its ambitious residential project that will see the development of one million housing units across the country, said a report. The work on the first phase of

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