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
UAE-based builder Arabtec said a wholly-owned subsidiary had won Dh930 million ($253 million) of contracts in Saudi Arabia's oil and gas industry.
The projects include upgrading liquefied gas and refinery facilities for nation
Dubai builder Arabtec Holding said on Tuesday it had won two contracts worth Dh375 million ($102 million) from developer Emaar Properties.
Both contracts are for construction of residential villas in Dubai to be delivered in 2016,
A subsidiary of Aabar Investments has received regulatory approval to buy a further 100 million shares in Arabtec, strengthening the Abu Dhabi state-run fund's hold on the Dubai-listed builder, according to a bourse filing on Monday.
Dubai's Arabtec Holding has won two contracts in Abu Dhabi worth Dh560 million ($152.5 million) combined through its Target Engineering unit, the builder said on Sunday.
Abu Dhabi National Oil Company (Adnoc) has awarded a Dh3
Negotiations to implement a $40-billion scheme for one million new homes in Egypt have been slowed by board changes at the Dubai-based contractor Arabtec Holding, Egypt's housing minister said on Thursday.
But Mostafa Madbouly
The former chief executive of Dubai-listed construction firm Arabtec Holding plans to sell his remaining stake in the company, a source with knowledge of the matter told Reuters on Wednesday.
However, Hasan Ismaik will only offloa
Dubai's largest contractor Arabtec reported a 32 per cent drop in third-quarter net profit on Sunday, missing analysts' estimates by a wide margin as general expenses nearly doubled from a year earlier.
The builder, in whi
Abu Dhabi state fund Aabar Investments raised its stake in Dubai-listed construction firm Arabtec to 34.93 per cent from 18.94 per cent with an off-market trade on Tuesday, the bourse said in a statement.
The trade, which made Aab
Dubai stock index jumped in opening minutes on Sunday after global markets rebounded on Friday and shares in builder Arabtec Holding surged as it moved closer towards starting work on a huge project in Egypt.
The benchmark rose 4.