Arabtec chief eyes further MENA opportunities

Construction giant sees further work in Abu Dhabi, sets up new Egypt, Lebanon units.
Arabtec chief eyes further MENA opportunities
By Andy Sambidge
Mon 16 Nov 2009 10:00 AM

Bahrain, Egypt and Syria are among the markets being considered for new projects by UAE construction giant
Arabtec

, its CEO Riad Kamal has said.

He also said that Abu Dhabi's property sector presented "promising" opportunities for the company with more projects being bid for. The CEO's comments were included in a statement posted on the website of the
Dubai Financial Market

on Monday.

It added that
Arabtec

’s two projects in Saudi Arabia were on target, while those in Dubai were being completed.

New opportunities were also being looked at in Algeria, Bahrain, Egypt, Libya and Syria with the company's board discussing plans to establish partnerships in Bahrain and Libya, after agreeing to set up subsidiaries in Lebanon and Egypt.

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