FINANCIAL NEWS

Dubai’s Arabtec granted USD705 m contract

14 Jan 2014

(MENAFN) Dubai-based builder Arabtec Holding has been awarded a USD705 million contract for Abu Dhabi’s Al Reem Island, according to Arabian Business.

The project, which includes a five-star hotel and a residential tower, is expected to be completed in three years.

The company said that the agreement has added to it more work, pushing its backlog to a record high of over USD8.982 billion.

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