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Arabtec wins USD705m Al Reem deal  Join our daily free Newsletter

MENAFN - 15/01/2014

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(MENAFN) A unit of Arabtec Holding has said that it won a USD705 million contract on Abu Dhabi's Al Reem Island, Khaleej Times reported.

The company said that the project, to include a five-star hotel and a residential tower, will be completed in three years. It stated that the newly signed deal will push its contract backlog to a record USD8.9 billion.

"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," said the managing director and chief executive officer of Arabtec Holding.

 






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