Dubai's Arabtec wins $197m contract in Jordan

  • Share via facebook
  • Tweet this
  • Bookmark and Share

Arabtec, the contractor part-owned by Abu Dhabi state fund Aabar, has won a $197m contract to build a hotel and residential project in Jordan, the company has said.

The contractor will build three 17-storey buildings in Amman, which include one St Regis Hotel tower and two other residential towers. The project was awarded by Abu Dhabi developer Al Maabar, Arabtec said in a statement on Dubai's bourse.

Work on the project will commence in July and will take 33 months for completion, it said.

Arabtec has won a series of projects after replacing its chief executive in February amid a management shake-up led by Aabar, which has tightened its grip on the group.

Its subsidiary won a $108m contract to build a hospital in Saudi Arabia on Saturday.

Join the Discussion

Disclaimer:The view expressed here by our readers are not necessarily shared by Arabian Business, its employees, sponsors or its advertisers.

Please post responsibly. Commenter Rules

  • No comments yet, be the first!

Enter the words above: Enter the numbers you hear:

All comments are subject to approval before appearing

Further reading

Features & Analysis
Mall talk

Mall talk

Plans for Dubai’s Mall of the World have made headlines all over...

Qatar's labour requirements

Qatar's labour requirements

Qatar’s Supreme committee has published worker welfare standards...

$40bn housing deal may signal Gulf investment push into Egypt

$40bn housing deal may signal Gulf investment push into Egypt

Egypt's economy is recovering only slowly from the turmoil that...

Most Popular
Most Discussed