Record win for Arabtec in UAE

Arabtec Construction has bagged its largest ever villa construction order. The contractor has taken two major villa packages from Emaar, together valued at around US $410 million.

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By  Sean Cronin Published  September 23, 2006

Arabtec Construction has bagged its largest ever villa construction order. The contractor has taken two major villa packages from Emaar, together valued at around US $410 million (AED1.5 billion). Emaar issued two letters of acceptance to the contractor for the construction of 940 villas in Dubai under the Mohamed Bin Rashid Housing Program and a further 324 villas in the Arabian Ranches development. The work includes associated infrastructure and the contracts are expected to be completed within 30 months. Arabtec managing director, Riad Kamal, said: “The Mohamed Bin Rashid Housing Program contract carries tremendous significance to Arabtec as it represents the largest number of villas awarded to Arabtec in a single contract.”

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