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Arabian Business: Latest News on the Middle East, Real Estate, Finance, and More

Arabian Business: Latest News on the Middle East, Real Estate, Finance, and More

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بالعربية

Arabtec Holding

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

The Wilton Park Residence project by Ellington Properties.
Arabtec

Arabtec unit wins $52m contract for Dubai residential project

by Sam BridgeTue 28 May 2019Thu 7 Oct 2021

Target Engineering Construction Company secures deals for Wilton Park Residence project from Ellington Properties

Arabtec Holding is a Dubai-based contractor forsocial and economic infrastructure.
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 has won a Villanova construction contract.
Arabtec Holding

Arabtec awarded contract to build 322 Villanova homes in Dubai

by ITPSun 19 May 2019Thu 7 Oct 2021

Dubai Properties’ Amaranta villas contract to Arabtec Construction will span 20 months, listed contracting giant says

Arabtec Holding has confirmed that Hamish Tyrwhitt has stepped down as group CEO.
Arabtec

CEO of Dubai’s Arabtec steps down as Q1 profits fall

by Sam BridgeWed 15 May 2019Thu 7 Oct 2021

Hamish Tyrwhitt leaves Dubai-based contracting giant Arabtec, replaced by chief financial officer

Hamish Tyrwhitt, Group CEO of Arabtec.
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

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

Group CEO Hamish Tyrwhitt.
Abu Dhabi

Arabtec unit wins $141m contract for Abu Dhabi oil field

by Sam BridgeTue 20 Nov 2018Wed 6 Oct 2021

Target Engineering has been appointed by Tecnicas Reunidas to carry out mechanical and electrical construction works for Bu Hasa oil field

The company has now achieved six consecutive quarters of profitability.
Arabtec

Dubai’s Arabtec hires US firm to advise on new restructuring plan

by Sam BridgeMon 5 Nov 2018Wed 6 Oct 2021

Arabtec confirms that it has hired New York-based investment bank Moelis & Co to advise on a new restructuring plan

Arabtec Holding Group CEO Hamish Tyrwhitt.
Akoya Oxygen

Arabtec wins $166m deals for Expo 2020, Damac’s Akoya

by Sam BridgeWed 24 Oct 2018Wed 6 Oct 2021

Arabtec Construction has been awarded two contracts for major projects in Dubai

Abu Dhabi

Arabtec subsidiary to pocket up to $430m from UAE gas project

by Staff writerThu 27 Sep 2018Wed 6 Oct 2021

Arabtec says Target Engineering will take 40-50% share of $861m gas development project in Abu Dhabi

Arabtec Group CEO Hamish Tyrwhitt.
Abu Dhabi

Arabtec unit picked to work on $861m UAE gas project

by Sam BridgeWed 26 Sep 2018Wed 6 Oct 2021

Target Engineering Construction Co is part of consortium that wins major gas development contract from ADNOC LNG

Arabtec Holding

Arabtec unit wins $42m Dubai sewerage contract

by Staff Writer Wed 15 Aug 2018Thu 7 Oct 2021

Arabtec Engineering Services has been awarded a $42m sewerage and drainage contract by Dubai Municipality

Hamish Tyrwhitt added that the company is making “good progress” on simplifying its business model by outsourcing non-core business activities and implementing “innovative” approaches to construction.
Arabtec construction

Dubai’s Arabtec Group continues on profitable path

by Staff Writer Thu 9 Aug 2018Thu 7 Oct 2021

The company won a number of large project awards in the first six months of 2018.

Arabtec Holding

Arabtec Holding reports highest quarter profit in four years

by Staff Writer Thu 10 May 2018Thu 7 Oct 2021

Arabtec Holding has current backlog of $4.4bn, with a further $4.3bn worth of tenders submitted for projects in the UAE

abu dhabi real estate market

Work starts on Show Village at Abu Dhabi’s biggest residential project

by Staff Writer Sat 24 Mar 2018Thu 7 Oct 2021

Arabtec Construction is hired to build the show villas located in Khalifa City

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