Arabtec construction Archives

Middle East construction industry 'in turmoil', more casualties loom, warns expert

Arabtec

Video: Arabtec – the projects that created a construction giant

by ITPMon 5 Oct 2020Wed 6 Oct 2021

Dubai based construction giant Arabtec voted on Wednesday to file for an insolvent liquidation following a net loss of $216m for the first six months of the year.

Arabtec

In pictures: The rise and fall of a UAE construction giant

by ITPThu 1 Oct 2020Tue 19 Oct 2021

Founded in 1975, is DFM bellweather Arabtec facing liquidation this year?

Arabtec

Video: UAE construction giant Arabtec said to be placed into liquidation

by ITPThu 1 Oct 2020Wed 6 Oct 2021

UAE-based Arabtec Holding is to be placed into liquidation, it has been reported.

Arabtec construction

Dubai’s Arabtec Holding appoints new chairman

by Gavin GibbonMon 6 Jul 2020Tue 9 Nov 2021

Al Rumaithi is replaced at the helm of UAE building giant by Waleed Ahmed Al Mokarrab Al Muhairi

Arabtec Holding last month recorded a net profit of AED58 million on revenue of AED4.2 billion for the first half of 2019.

Abu Dhabi construction

Dubai’s Arabtec confirms talks on possible construction merger

by Sam BridgeTue 10 Sep 2019Wed 6 Oct 2021

Arabtec Holding says that it is in talks over a possible merger of its construction business with Trojan Holding

Arabtec

Construction awards slump hits H1 profits of Dubai’s Arabtec

by Sam BridgeWed 14 Aug 2019Wed 6 Oct 2021

Contracting giant Arabtec says decrease in awards in the construction sector result in 48% fall in net profit for first six months of 2019

Abu Dhabi Ports

Dubai’s Arabtec appoints acting CFO amid turnaround efforts

by Gavin GibbonTue 9 Jul 2019Thu 7 Oct 2021

Adel Al Wahedi joins Dubai contracting giant Arabtec from Abu Dhabi Ports Company

Arabtec

Dubai’s Arabtec wins $59m contract for Indian project

by Sam BridgeThu 23 May 2019Thu 7 Oct 2021

Arabtec Construction has won the deal for the construction of the Navin Minar development from Raheja Developers

Arabtec

Dubai’s Arabtec eyes expansion in key Gulf markets

by Sam BridgeWed 24 Apr 2019Thu 7 Oct 2021

Hamish Tyrwhitt, Group CEO of Arabtec, identifies opportunities in the UAE, Saudi Arabia, Bahrain and Kuwait

Located next to Expo 2020’s centrepiece Al Wasl Plaza, the public spaces will give millions of people from around the world an opportunity to relax, enjoy a bite to eat and take in the action during the six-month event.

Ahmed Al Khatib

Arabtec Construction awarded Expo 2020 Dubai contract

by Staff writerSun 3 Feb 2019Wed 6 Oct 2021

Arabtec Construction to complete 29,000 sqm of public spaces next to Expo 2020’s Al Wasl Plaza

Arabtec

Arabtec unit wins $96m contracts for Damac projects in Dubai

by Sam BridgeFri 4 Jan 2019Wed 6 Oct 2021

The contracts, won by Arabtec Construction, are for the construction works at two luxury residential towers, Reva Residences and Vera Residences

Villanova is located at the intersection of the Dubai – Al Ain Road with Emirates Road.

Arabtec

Arabtec unit wins $60m contract from Dubai Properties

by Sam BridgeThu 27 Dec 2018Wed 6 Oct 2021

Arabtec Construction has been selected to build 352 villas in Dubai Properties’ Amaranta project in Villanova

Arabtec

Arabtec Q3 profit soars 140% on project wins

by Neil HalliganWed 7 Nov 2018Wed 6 Oct 2021

Arabtec reduced its net debt by $39m, and said it will continue to review non-core assets which are not considered key to the business for divestment or development