A DISSOLVING LIKE NO OTHER Arabtec’s decision to go in for a dissolving of the company could not have come at a worst possible time. And not just for the company and its workforce, or even the many allied businesses that rely on project work from Arabtec to sustain themselves. No, Arabtec’s liquidation cuts much deeper – if economies come with a soul, Arabtec was its lifeblood. It was the name write large on some of the most prestigious project sites of the past, building one landmark after the other. Creating the country’s super-structures that facilitate the smooth flow of people and the wheels of business. Could something more have been done to ensure Arabtec’s survival? Clearly, its shareholders and some of the best minds in the construction business don’t think it’s feasible. All that will be left would be a legacy, including a towering glory that is the Burj Khalifa…(COMMENT BY: Manoj Nair, Business Editor)
Virendra Saklani/Gulf News