(MENAFN) Dubai-based Arabtec said that it plans to increase its stake in Target Engineering from 60 percent to 98 percent in a USD73 million deal, Arabian Business reported.
This bid comes as a further step in Arabtec's strategy to increase its involvement in the oil and gas sector.
Target Engineering focuses on the oil and gas, power and marine sectors and operates in the UAE, Qatar and Saudi Arabia among several other countries.
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