Arabtec awarded $150mn contract

by Firouz Sedarat Saturday, 04 October 2008

Dubai's Arabtec Holding said on Saturday it was awarded a 550 million-dirham ($149.7 million) contract by Dubai Properties for a construction project.

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The contract entails the construction of a 12-storey residential building in Mudon development, which is to be completed within two years, Arabtec said in a statement.
Arabtec is the United Arab Emirates' largest construction company by market value. (Reuters)



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