Gazprom awards Arabtec contract to build tallest Europe office tower
- United Arab Emirates: Tuesday, October 02 - 2012 at 01:29
Russian oil firm Gazprom has awarded the UAE's largest construction company by market value, Arabtec Holding a Dhs453m ($123m) contract to build Europe's tallest office tower in St. Petersburg, Bloomberg has reported. The Dubai-based company and Gazprom unit Okhta Centre will begin the first phase of construction for the 463 metre-high Gazprom Tower, Arabtec said. The builder, which derived all revenue from the GCC last year, said it expects to win more projects in Russia. Arabtec's Target Engineering Construction unit also won Dhs270m in contracts in Abu Dhabi and Qatar, the company said.
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