Arabtec wins $817m contract
United Arab Emirates: Thursday, April 10 - 2008 at 10:30
Dubai-based Arabtec Construction has been awarded an $817m contract for the design and build work for the Mohammed bin Rashid Housing Establishment, reported our sister publication Meed. The agreement involves the construction of 2,290 villas in Al-Barsha, Al-Warqaa and Oud al-Muteena areas of Dubai. The order brings the total number of villas currently being built by Arabtec to 5,000, of which 3,230 are for the Mohammed bin Rashid Housing Establishment.
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Jeff Florian, Senior ReporterThursday, April 10 - 2008 at 10:30 UAE local time (GMT+4)
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