By Joanne Bladd
Largest builder in the UAE by market value said third quarter net profit fell to AED6.8m
the largest builder in the UAE by market value, on Sunday said third quarter
net profit fell 95.6 percent to AED6.8m ($1.85m).
Dubai-based firm, which made the statement to the Dubai bourse, made a net profit of AED166.6m in the same period a year
Arabtec has diversified its operations in the wake of the Dubai real estate crash. The company recently announced a joint venture with Bahrain's Masawa Holding, and has won deals in Saudi Arabia, Egypt and Abu Dhabi.