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Commenting on the results, Riad Kamal, the CEO of Arabtec Holding, said:
"The revenues and profits for the second quarter of 2009 are good considering the difficult times that the real estate and construction sectors are experiencing in the UAE and the GCC as a whole, and are in line with our expectations for 2009. These results were achieved in very difficult markets, and are attributed to the steps taken last year and still continuing, by the management of the company in relation to, more integration of our business units, reducing costs and improving productivity and efficiency, and to our continuous geographic expansion strategy in new attractive markets."
Posted by Rana Mesbah
