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Arabtec unit wins AED 117m Emaar deal

Arabtec unit wins AED 117m Emaar deal
Creek Horizon towers include 550 apartments
Arabtec Holding
ARTC
2.29% 1.79 0.04
Emaar
EMAAR
0.97% 4.17 0.04

Dubai – Mubasher: Arabtec Holding announced that its subsidiary Emirates Falcon Electromechanical Company (EFECO) was awarded a contract for a project by Emaar Properties.

EFECO has won the contract from the main contractor AFC regarding mechanic, electric, and sanitary works for a land plot in Emaar’s Dubai Creek.

The contract has a total value of AED 117 million, according to a bourse statement on Wednesday.

Creek Horizon towers, which include 550 apartments, are located close to Creek Side 18 project, which is being developed by EFECO as well.

Mechanics and other works in the project are expected to kick off this month and extend for another 20 months.