Mubasher TV
Contact Us Advertising   العربية

Arabtec’s unit wins AED 950m deal

Arabtec’s unit wins AED 950m deal
Arabtec’s unit wins AED 950m deal
Arabtec Holding
ARTC
-3.29% 0.53 -0.02
Emaar
EMAAR
-0.49% 8.15 -0.04

Dubai – Mubasher: Target Engineering Construction Company (Target), the wholly-owned subsidiary of the UAE-based, Arabtec Holding handed over a new project at a value of AED 950 million.

The contract includes implementing the second phase of Forte, a residential development project in Downtown Dubai owned by Emaar Properties, according to a statement to the Dubai Financial Market (DFM).

“The contract scope includes the construction of the podium and twin towers of 67 and 46 floors, which is in addition to Phase one, that was previously awarded to Target for the construction of five basements for the two residential towers,” the firm’s statement added.

The first and second phases will be implemented in 40-month period.

“The award of Forte Phase 1 & 2 to Target Engineering demonstrates the strength and confidence of the Groups’ relationship with Emaar Properties,” Arabtec Holding’s CEO, Hamish Tyrwhitt said.

“We look forward to further building the solid relationships we have with our clients in delivering quality projects,” Tyrwhitt concluded.

صورة ذات صلة
نتيجة بحث الصور عن مشروع دبي داون تاون