Quotes: MENA   Enter Symbol: NewsLetter: Search: advanced

Saudi - Arabtec in AED2.59bn Al-Reem Island project  Join our daily free Newsletter

MENAFN - Arab News - 15/01/2014
No. of Ratings : 0
Add to Mixx!



(MENAFN - Arab News) Dubai-based Arabtec Construction has won an AED2.59 billion (705 million) contract to build a 61-floor block of flats and hotel complex in the Shams area, Arabtec Holding said



The project, to be constructed on a plot area of 32,000 m2 as part of Al-Reem Island, and a built up area of around 350,000 square meters, will also host a five-star hotel offering 400 guestrooms and 200 serviced apartments



The project will be a valuable addition to the versatile offering of the Al-Reem Island, claimed to be the largest development in Abu Dhabi and the first of its kind in the region to be developed on a natural island

The project, designed by the Architecture and Planning Group, is scheduled to begin in the first quarter of 2014 and will be completed within three years



"Arabtec has been actively involved in delivering a host of infrastructural, tourist and cultural projects that constitute some of the major components of Abu Dhabi's urban evolution as envisaged in Plan Abu Dhabi 2030," said Hasan Abdullah Ismaik, MD & CEO of Arabtec Holding



"This is the first happy tiding of the new year. And there are many on the way. These will be announced in due course. We are confident that 2014 will be a special year not only in terms of new awards but also with regard to the progress of implementation of our growth strategy and the striking of more local and international partnerships to take Arabtec to higher levels of success," he added



With the new contract award, Arabtec's 2013 backlog in 2013 crosses the AED33 billion limit, catapulting to unprecedented levels and exceeding the records in the company's 38 year history



Arabtec's top list of completed projects includes iconic buildings such as the world's tallest building, the Burj Khalifa in Dubai, and Abu Dhabi landmark, the Emirates Palace Hotel, as well as other technically challenging work on airports and related infrastructure

 


Arab News




  MENA News Headlines
 Jul 5 2015 - Ammar Al Nuaimi attends closing ceremony of Ajman Holy Quran AwardEmirates News Agency (WAM)
(MENAFN - Emirates News Agency (WAM)) Under the patronage of H.H. Sheikh Humaid bin Rashid Al Nuaimi, Supreme Council Member and Ruler of Ajman, H.H. Sheikh Ammar bin Humaid Al Nuaimi, Crown Prince ...

 Jul 5 2015 - Curtain comes down on Dubai International Holy Quran AwardEmirates News Agency (WAM)
(MENAFN - Emirates News Agency (WAM)) After 20 days of activities, curtains were brought down on the 19th edition of the Dubai International Holy Quran Award, DIHQA, at the Dubai Chamber of Commerce ...

 Jul 5 2015 - Zakat Fund announces revenue of AED18,747,592Emirates News Agency (WAM)
(MENAFN - Emirates News Agency (WAM)) The Zakat Fund has announced total revenues of AED18,747,592 during the first five months of this year, achieving an increase of 18.15 percent over the same ...

 Jul 5 2015 - Etisalat's reaches out to serve the needy during RamadanEmirates News Agency (WAM)
(MENAFN - Emirates News Agency (WAM)) Etisalat is teaming up with charitable organisations across the United Arab Emirates to help serve those in need during the Holy Month of Ramadan.The company is ...

 Jul 5 2015 - Etisalat's reaches out to serve the needy during RamadanEmirates News Agency (WAM)
(MENAFN - Emirates News Agency (WAM)) Etisalat is teaming up with charitable organisations across the United Arab Emirates to help serve those in need during the Holy Month of Ramadan.The company is ...

 Jul 5 2015 - ADU teams win Innovation and CEO awards at INJAZ UAEEmirates News Agency (WAM)
(MENAFN - Emirates News Agency (WAM)) In a major boost for aspiring entrepreneurs at the University of Abu Dhabi, ADU Enterprise has guided the university's female and male teams to win the CEO of ...

 Jul 5 2015 - UAE's non-oil business registers modest growth in JuneMENAFN
(MENAFN) The United Arab Emirates' non-oil private sector recorded more modest growth in June, running into 22 months of abiding in the low zone, according to an official survey, Reuters ...

 Jul 5 2015 - Don't forget iftar water, warn doctorsThe Arabian Post
(MENAFN - The Arabian Post) Doctors have warned those observing the Ramadan fast to avoid urinary infections by drinking enough water in the evenings."There is definitely an increase in the number of ...

 Jul 5 2015 - Parents shock at Abu Dhabi school textbook costsThe Arabian Post
(MENAFN - The Arabian Post) After paying nearly Dh60,000 in annual tuition fees, parents at Raha International School have been told that they must also foot the bill for expensive textbooks.On June ...

 Jul 5 2015 - UAE- Ramadan hours are not 'lost hours' Ministry of Labour warns companiesThe Arabian Post
(MENAFN - The Arabian Post) Staff should not be forced into making up "lost hours" because of the reduced working day during Ramadan, recruitment experts and the Ministry of Labour have warned.The ...

more...


 






Google

Click to Apply

 
 

Middle East North Africa - Financial Network

MENAFN News Market Data Countries Tools Section  
 

Middle East North Africa - Financial Network
Arabic MENAFN

Main News
News By Industry
News By Country

Islamic Finance News
Private Equity News

How-To Guides
Technology Section

Travel Section

Search News

Market Indices
Quotes & Charts

Global Indices
Arab Indices

Commodoties

Oil & Energy

Currencies Cross Rates
Currencies Updates
Currency Converter

USA Stocks
Arab Stocks
 

Algeria 
Bahrain 
Egypt 
Iraq
Jordan 
Kuwait 
Lebanon
Morocco 
Oman 
Palestine
Qatar 
Saudi Arabia 
Syria
Tunisia 
UAE 
Yemen

Weather
Economic Calendar
Financial Glossary


Financial Calculators

RSS Feeds [XML]

Corporate Monitor

Events

Real Estate
Submit Your Property

Arab Research
Buy a Research

Press Releases
Submit your PR

Join Newsletters


 
© 2014 menafn.com All Rights Reserved.  Terms of Service | Privacy Policy | Contact Us | Advertise | About MENAFN | Career Opportunities | Feedback | Help