Oct 17 2010 |
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Arabtec Construction and Musawa Holding sign agreement to bring more development projects to the Kingdom of Bahrain
Manama: Arabtec Construction L.L.C. and Musawa Holding W.L.L. today announced an agreement establishing the company Arabtec-Musawa W.L.L. to cater to the construction needs of the Kingdom of Bahrain.
Arabtec Construction LLC , a subsidiary of Arabtec Holding PJSC , has concluded a partnership agreement with Musawa to jointly execute construction projects under the new established company Arabtec Musawa. The aim of Arabtec-Musawa is to play a key role in the ongoing growth of the Bahrain construction market.
Commenting on the agreement Mr. Riad Kamal, CEO of Arabtec Holding PJSC said: "This step comes as part of the company's strategy to diversify geographically outside of the UAE. Bahrain is proving to be a promising market and Arabtec is honoured to be a part of Arabtec-Musawa and contribute to the development of Bahrain."
-Ends-
About Arabtec
Arabtec
is one of the leading contracting companies in the UAE, and one of the top five in the GCC. Since inception in 1975, it has successfully executed a huge array of major projects including but not limited to: High Rise Developments, Hotels and Hotel Interiors, Commercial Developments, Industrial Projects, Airport Developments, Stadiums, Infrastructure, Sewerage and Drainage works, Offshore Oil and Gas Installations and Residential Complexes.
Some of Arabtec 's well known projects are Burj Khalifa, the world's tallest tower, the Address Hotel and Emirates Palace Hotel. Internationally, Arabtec is building Al Waab
Market. Today, Arabtec Holding has 15 subsidiaries providing end-to-end contracting services across the entire construction value chain.
About Musawa Holding
Established in 2008, Musawa Holding established a diverse portfolio of companies based in the Kingdom of Bahrain with businesses involving investment, franchising, food and beverage, interior design, graphic design and architecture. The subsidiary companies owned by Musawa Holding are ProCapital Associates, The Living Concepts, Maya La Chocolaterie, Maya Delices and Inoui Designs.
Media Contact:
Eman AlSarraf
Corporate Communications Manager
Inoui Designs
Email: ealsarraf@inouidesigns.com
Tel: +973 17201999
© Press Release 2010
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