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FINANCIAL NEWS
Dubai- Damac awards $136m contract to Arabtec
04 May 2010
(MENAFN) Bloomberg reported that construction firm Arabtec has been awarded a $136.1 million contract to build a residential tower in Dubai.
The contract was awarded by Damac Properties and was signed earlier this week, Arabtec said in a statement.
The Dubai-listed contractor previously worked with Damac on its flagship Ocean Heights project, also in Dubai.
Arabtec and Abu-Dhabi-based Aabar recently called off a $1.7 billion agreement for Aabar to take over Arabtec. The two firms did not disclose any reason for canceling the deal.
More News
20 Jul 2025
CBB approves the transfer of the retail banking operations of HSBC Bank Middle East, Bahrain Branch to BBK
02 Jul 2025
BBK launches the largest-ever Al Hayrat Prizes, offering BD 5 million to over 2,000 winners
12 May 2025
Alsharifi: “Proud of our strategic partnership with the Royal Humanitarian Foundation”
04 May 2025
BBK offers exclusive Mortgage Loans for luxury villas and apartments on Reef Island
30 Apr 2025
BBK discloses its financial results for the first quarter ended 31st March 2025
25 Mar 2025
BBK’s General Assembly Approves 35% Cash Dividend Distribution to Shareholders
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