Arabtec Construction

Arabtec Construction, the construction arm of Arabtec HoldingArabtec Holding, provides civil and electromechanical contracting services for residential, commercial and mixed-use buildings in the UAE, Qatar, Syria, Jordan, Pakistan and Russia. Arabtec Construction also does offshore contracting as well as engineering consultancy and landscape design services. Arabtec also serves clients like Emaar PropertiesEmaar Properties, NakheelNakheel, Al Dar PropertiesAl Dar Properties, Dubai PropertiesDubai Properties, as well as the Dubai and Abu Dhabi Governments.

The company’s primary geographical focus is the UAE, where it undertakes high-rise towers, commercial, residential and mixed-use buildings. Arabtec was awarded a AED1.6 billion (USD436 million) contract, in August 2008, to build 1,437 villas in Dubai’s Bawadi-Asmaran. In 2007 Arabtec won a contract in Qatar’s AED12.1 billion (USD3.3 billion) Al Waab City project to develop the residential and commercial property.

A planned construction contract between Arabtec, WCT Engineering (Malysia) and Meydan L.L.C. was canceled in January 2009. Meydan claimed that its joint venture partners in the AED4.7 billion (USD1.3 billion) project delayed implementation.

In keeping with its parent company’s strategy to expand into new markets, Arabtec Construction set up a SAR150 million (USD40 million) subsidiary in Saudi Arabia, in March 2009, with the Construction Products Holding CompanyConstruction Products Holding Company, a Saudi Binladin GroupSaudi Binladin Group company. Arabtec Saudi Arabia is targeting a turnover of SAR1.5 billion (USD400.5 million) during its first four years of its operations.