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Arabtec considering merger deals in Saudi Arabia, Kuwait

Hasan Abdullah Ismaik, CEO of Arabtec Holding has said the UAE's largest construction company is considering a merger with the biggest contractors in Saudi Arabia and Kuwait, Bloomberg has reported. "We are now mulling mergers with the two biggest construction companies in the Gulf, one is in Saudi and one is in Kuwait," Ismaik told CNBC Arabia without naming the other companies. "The benefits will be felt by the shareholders and the market."