$227 Million Worth of Abu Dhabi Contracts Won By Arabtec Unit
The United Arab Emirates’ major construction firm, Arabtec Holding PJSC has won two contracts in Abu Dhabi valued a shared 835 million Dirham and first round agreement for a 524 million dirham bureau project in Qatar.
The organization’s Target Engineering Construction Co. division was able to win the agreements for engineering, manufacture and hiring job in Abu Dhabi. One of them was honored by Abu Dhabi Oil Refinery Co., the nationalized corporation recognized as Takreer, and is priced at 358 million Dirham. That venture will most likely be finished in about two years. The other, honored by Gasco, is prized at 477 million Dirham.
Arabtec Construction Co. signed a memo of objective from the Qatar General Insurance & Reinsurance Co. for constructing the World Trade Center headquarters tower in Doha, Arabtec said in a different declaration to the Dubai bourse. The 50-story structure is estimated to be finished by 2012, as per the World Trade Center’s Web site.
Arabtec is looking for employment in fresh markets after venture cancelations in Dubai surpassed $300 billion. Dubai, Arabtec’s domicile marketplace, experienced the world’s most horrible assets fall throughout the worldwide depression, with costs plummeting by more than 50%.
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