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.
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