Arabtec Holding

• Performance
• Statistics
• Profile
• Financials
• News
• In Depth
• Disclosures
• Press Releases

Recent Articles

• Arabtec awarded $150mn contract4 October 2008

  Dubai construction giant to build 12-storey building in Mudon development for Dubai Properties.

• Arabtec bags US $653m Atrium job from Sunland4 October 2008

  Arabtec Construction has won a US $653 million (AED2.4 billion) contract from Dubai-based Sunland Group for the construction of The Atrium at Waterfront, which is located in the Madinat Al Arab precinct of Nakheel's Dubai Waterfront development at Jebel Ali.

• Arabtec bags $653.4mn deal 28 September 2008

  Dubai construction firm receives letter of intent from Sunland Group for Dubai Waterfront project.

• Report says labour shortage to worsen 26 July 2008

  The GCC labour shortage is set to deteriorate, a new report has warned, and could seriously threaten profit margins and expansion plans of major contractors.

• Arabtec bags US $163 million Emaar contract 26 July 2008

  Arabtec construction has won a US $163 million (AED599 million) contract from Emaar to design and construct 550 villas at Warsan Development in Dubai.

• Arabtec collects US $816mn Al Furjan14 June 2008

  Dubai World-owned developer Nakheel has awarded Arabtec Construction a US $816 million (AED3 billion) contract to build the first 1,500 homes at its Al Furjan development.

• EFECO wins Sanctuary Falls contract1 June 2008

  Arabtec Holdings' subsidiary Emirates Falcon Electromechanical Co (EFECO) is to carry out the mechanical, electrical and plumbing (MEP) installation on Shaikh Holdings' Sanctuary Falls project for an undisclosed sum.

• Arabtec picks up Amman contract24 May 2008

  Arabtec/EEC JV Construction has picked up a US $14.5 million (JOD10.2 million) contract to construct the Business Heights tower in Amman, Jordan.

• Arabtec lands $544mn Saadiyat Beach deal17 May 2008

  TDIC signs UAE construction firm to build phase one of island community.

• Arabtec profit surges amid building boom5 May 2008

  Dubai construction giant posts four-fold rise in earnings to $63mn, firm's third straight record profit.

• Arabtec expects '08 revenue to hit $2.2bn1 May 2008

  Dubai-based construction group may expand operations in Saudi as construction costs rise in the UAE.

• Arabtec lands $2.7bn Russian tower deal26 April 2008

  Construction giant beats off local and European bidders to secure landmark St. Petersburg project.

• Arabtec wins Dubai house building deal19 April 2008

  Dubai's Arabtec Holding has won a US $817 million (AED3 billion) contract to build almost 2,300 houses in the emirate.

• Arabtec soars after winning $817mn deal9 April 2008

  UAE construction giant's stock surges 7.38% after winning contract to build around 2,300 houses.

• Sanctuary Falls job awarded to Arabtec29 March 2008

  Dubai-based development company, Shaikh Holdings, has awarded Arabtec Construction the US $112 million (AED412 million) main construction contract for its Sanctuary Falls villa development in Jumeirah Golf Estates.

• Arabtec secures villa contract22 March 2008

  Arabtec Construction has won a US $141 million (AED520 million) contract from Emaar Properties to design and build 68 homes at the Dubai Polo & Equestrian Club in Arabian Ranches.

• Arabtec partners with Emaar in US$142m Polo deal20 March 2008

  Arabtec Construction LLC was awarded a US$142m contract by Emaar Properties PJSC for the construction of a new development project in the Arabian Ranches in Dubai.

• Three jobs right on Target8 March 2008

  Target Engineering Construction Company, a subsidiary of Arabtec Holding, has received contracts worth a combined US $215 million (AED792 million) for three projects in Abu Dhabi.

• UAE cement crisis looms5 March 2008

  Suppliers struggling to keep up with demand with risk that projects may be delayed further, firms say.

• Kuwait, Abu Dhabi and Qatar best markets to invest24 February 2008

  And banks and telecom companies the most attractive industries, Morgan Stanley says.

• Arabtec wins $75mn Jordan deal23 February 2008

  Damac awards contract for two buildings at its Abdali Development Project in country's capital Amman.

• Market pressure may make abroad appeal23 February 2008

  UAE contractors could be forced to target overseas investment due to pressure from the financial markets.

• Arabtec books second largest quarterly profit ever20 January 2008

  UAE's largest construction company sees Q4 profit surge 160% to $41mn.

• ACC and Arabtec join forces16 January 2008

  A joint venture between ACC and Arabtec has been awarded a US $41 million (SYP 2.1 billion) contract from Emaar IGO to carry out construction work at the Eighth Gate Development in Damascus, Syria.

• Emaar earnings to drop15 January 2008

  EFG-Hermes report forecasts bleak Q4 for Dubai developer, Union Properties and Dubai Islamic Bank.