Arabtec subsidiary awarded contracts worth Dh289m

Dubai

Arabtec Holding announced on Wednesday that its wholly-owned subsidiary, Target Engineering Construction Company, has been awarded four projects amounting to Dh289 million.

The projects include a high-rise development in Dubai’s Business Bay, fabrication and installation of process tanks in Taweelah Area, construction works in the Western Region, and upgrade and replacement works on Das Island.

Arabtec said in a statement to Dubai bourse that it is continuing to focus on the UAE as a core market, and it was optimistic on the outlook for the sector.