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Arabtec wins Dh1 billion contract from Dubai Properties

The project works are expected to begin immediately with an overall duration of 28 months

Gulf News

DUBAI

Arabtec Holding said on Thursday it has been awarded Dh1.025 billion contract from Dubai Properties.

The contract involves the construction works for a residential community that includes villas and town houses of Villanova Amaranta and La Quinta Phases located off Emirates Road. The project works are expected to begin immediately with an overall duration of 28 months, the statement said.

“We continue to on-board new projects through the 4-Gate Work Winning Process, which is designed to selectively win work that has the ability to deliver successful outcomes which will continue to support the Group to capitalise on the positive long-term outlook for the construction and engineering sector in our core geographic markets,” Hamish Tyrwhitt, Group Chief Executive Officer at Arabtec said in a statement posted on Dubai Financial Market’s website.

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