A $40 billion deal for Dubai firm Arabtec to build one million homes in Egypt may mark the start of politically-inspired Gulf investment in the country's creaking infrastructure, from housing to transport, power generation and agriculture.
Dubai's leading engineering and construction group Arabtec Holding has signed an historic agreement with Egypt’s Defence Ministry to develop and construct one million housing units in a project worth 280 billion Egyptian pounds ($40.23
A subsidiary of Dubai builder Arabtec Holding has won a 1.04 billion dirham ($282.33 million) contract to build over 1,500 townhouses for developer Emaar Properties, Arabtec said on Wednesday.
The subsidiary, Arabtec Construction, will
Arabtec Holding, a leading engineering and construction group of companies, reaffirmed today that it will continue to explore prevailing opportunities for mergers and acquisition in the markets of the UAE and the Middle East and North Africa reg
Dubai builder Arabtec on Wednesday denied that it planned to acquire Kuwaiti construction firm Kharafi National.
Sources familiar with the discussions told Reuters on Monday that Arabtec had been in talks with Kharafi National, pa
Shares of Dubai builder Arabtec were suspended from the start of formal trading at 0600 GMT on Wednesday following a request from the stock market regulator.
No reason was provided for the suspension of trading.
Arabtec Holding, Dubai's largest listed construction firm, is in the advanced stages of talks to fully acquire a construction company in Kuwait's Kharafi Group, two sources aware of the discussions said.
The Dubai firm is
A subsidiary of Dubai-based builder Arabtec Holding has won a 1 billion dirham ($272 million) contract in Kazakhstan, Arabtec said on Wednesday.
The subsidiary, Efeco, will carry out mechanical, electrical and plumbing work at the
A joint venture including a subsidiary of Dubai's Arabtec Holding has won a 878 million dirham ($239 million) contract for mechanical, electrical, and plumbing work at the Abu Dhabi airport extension, Arabtec said on Monday.
Dubai-based builder Arabtec Holding , in which Abu Dhabi state fund Aabar owns a major stake, said on Sunday it would set up five new subsidiaries as it expands into new markets and infrastructure projects.
The move follows Arabte