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Arkan in South Korean tie-up
- United Arab Emirates: Saturday, December 15 - 2007 at 14:14
Arkan Building Materials has signed a deal with South Korea's Kyung In Company to form a joint venture (JV) to carry out piling operations in the UAE. Arkan will own a majority 65% stake in the JV, while Kyung In will own the remaining shares. The paid up capital will initially be around $27m and the firm will be incorporated in Q1 2008.
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Jonathan Sheikh-Miller, Deputy EditorSaturday, December 15 - 2007 at 14:14 UAE local time (GMT+4)
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