Arabtec, Musawa create JV in Bahrain

19 Oct 2010

(MENAFN) Arabtec Holding Co., the biggest builder in the UAE by market value, said that its unit has signed an agreement to form a joint venture in Bahrain, Gulf News reported.

Arabtec Construction LLC and Musawa Holding will jointly execute construction projects under the newly established company called Arabtec-Musawa WLL, the company said in a statement to the Dubai bourse.

Arabtec Chief Executive Officer Riad Kamal said in the statement that the step comes as part of the company�s strategy to diversify geographically outside the UAE.

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