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Arabtec share price
Dubai Eye - 12 Feb 2012
Ziad Makhzoumi, Chief Financial Officer of Arabtec, analyses the sudden rise in the Arabtec share price on the DFM last week.
Ziad Makhzoumi, Chief Financial Officer of Arabtec, analyses the sudden rise in the Arabtec share price on the DFM last week.
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Worries about uncertain investment laws, local partnerships, corporate governance and the fate of business deals made with the former regime are forcing UAE construction companies to take a more cautious approach to the Libyan market
Hampering business
In recent weeks business delegations from across the world have found their way to Libya. China is seeking to resume operations for 26 companies in 50 projects worth $19bn in the real estate, rail, oil and telecommunications industries.
The Saudi and Qatari construction markets not only outperform the rest of the GCC area, but also remain some of fastest-growing markets in the world.
Companies in Construction
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| Ranked by Market Cap Based on yesterday's close | No. of Employees | Total revenue |
| Company | Country | Market Cap ($mil) |
|
| 1 | Orascom Construction Industries | Egypt | 8,998 |
| 2 | Saudi Cement Company | Saudi Arabia | 3,376 |
| 3 | Southern Province Cement Company | Saudi Arabia | 3,332 |
| 4 | Lafarge Ciments | Morocco | 3,315 |
| 5 | Yamama Saudi Cement Company | Saudi Arabia | 2,754 |
| » View Full List | |||