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Arabtec wins AED 1.46bn construction deal

Arabtec wins AED 1.46bn construction deal
One of Arabtec's projects (Photo Credit: Arabianeye-Reuters)
Arabtec Holding
ARTC
-3.29% 0.53 -0.02

Dubai – Mubasher: Arabtec Holding won a contract worth AED 1.46 billion for the construction of the 2020 Tower in Dubai, according to a statement.

The new tower will add to Arabtec Construction’s existing portfolio of over 22 projects under construction in the UAE.

Arabtec has a project backlog of approximately AED 17 billion, equivalent to over two years of revenue, the company noted.