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Thursday, November 12 - 2009

Arabtec Construction LLC signs contract with Dubai Properties valued at Dhs550m

  • United Arab Emirates: Sunday, October 05 - 2008 at 11:01
  • PRESS RELEASE

Dubai Properties has awarded an Dhs550m contract for its Mudon General Residential Apartments project to Arabtec Construction LLC, a subsidiary of Arabtec Holding PJSC.

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The contract entails Arabtec to carry out the construction works of 12 five-storey residential buildings within the Mudon development. The contract will be executed over 24 months.

Arabtec has already begun preparing the project site, which is located behind the Polo Club on Al Qudra road, in order to ensure that the work is completed on schedule.

Riad Kamal, CEO of Arabtec Holding PJSC said: "This contract with Dubai Properties holds great significance for us in terms of consolidating our relationship with Dubai Properties for whom we have delivered in the past a large number of projects. We are confident that there will be further cooperation with Dubai Properties in the future being one of the largest developers in the region. We will always strive to serve them and maintain strong ties with them through delivering quality work on time for their projects."
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About Arabtec

Arabtec Holding PJSC, formerly known as Arab Technical Construction Company PJSC, is a Public Joint Stock Limited Liability Company formed in 2004 to invest in the contracting sector through establishing, acquiring and owning shares in construction related companies in the UAE and abroad. Arabtec Construction LLC, Austrian Arabian Ready Mix Concrete Co. LLC and Arabtec Pre-cast LLC are wholly owned subsidiaries of Arabtec. Arabtec Construction Company LLC, the company behind the world renowned and iconic Burj Dubai are widely recognised as one of the top construction companies in the UAE. Arabtec Holdings was formed to invest in the construction sector with a view to benefit from the unprecedented construction boom that is expected to continue over the next few years. The company relies on a highly motivated management team with vast experience in the contracting sector. Mr Riad Kamal, a founding shareholder, has overseen the development of several construction projects in Dubai and Abu Dhabi since 1975, many of which are considered landmarks in the UAE and soon to be recognised worldwide. Some of these buildings and landmarks include the Jumeirah Beach Residences, Al Mazaya Sky Gardens, Emirates Hills Developments as well as DIFC Gate Village.

For more information, please contact:

Mustafa Al Khafaf
SAHARA Public relations
+9714 3298996

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