Arabtec unit wins $42m Dubai sewerage contract

Arabtec Engineering Services has been awarded a $42m sewerage and drainage contract by Dubai Municipality
Arabtec unit wins $42m Dubai sewerage contract
By Sam Bridge
Wed 15 Aug 2018 01:54 PM

Arabtec Holding said on Wednesday that its subsidiary, Arabtec Engineering Services, has been awarded a AED155 million ($42 million) sewerage and drainage contract by Dubai Municipality.

The project is located in the Al Khawaneej area of the city and is expected to take 15 months to complete, the company said in a statement.

Group CEO, Hamish Tyrwhitt, said: “Consistent with our objective to diversify our business, this award builds on our infrastructure backlog and longstanding relationship with Dubai Municipality.”

Last week, Arabtec maintained its run of positive results, reporting its six consecutive quarter of profitability.

Its profits reached AED113 million in the first half of 2017, up 97 percent compared to the same period last year.

Total revenue in H1 2018 was AED4.8 billion, a 13 percent year-on-year increase.

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