Dubai, 8th February 2011: The Joint Venture between Arabtec Construction LLC and Kuwait's Combined Group Company PLC, in which Arabtec owns 60% has received a Letter of Award from the Kuwait University. Arabtec's share of the works is valued at AED 900 million and will take 42 months to complete.

The project scope includes the construction and external works of four buildings for the Colleges of Arts and Education, comprising a basement plus 6 floors, with a total built up area of approximately 226,000 m2 at the Sabah - Al Salem University in Kuwait.

Riad Kamal the CEO of Arabtec Holding PJSC stated "We are proud to be associated with this prestigious project in partnership with the Combined Group Company PLC, a leading publically listed construction company in Kuwait. The award of this project is yet another solid step in our successful geographic expansion strategy and we look forward to more successful awards in the State of Kuwait."

-Ends-

About Arabtec:
Arabtec Holding PJSC, formerly known as Arab Technical Construction Company PJSC, is a Public Joint Stock Limited Liability Company formed in 2004 to invest in the contracting sector through establishing, acquiring and owning shares in construction related companies in the UAE and abroad. Arabtec Construction LLC, Austrian Arabian Ready Mix Concrete Co. LLC and Arabtec Pre-cast LLC are wholly owned subsidiaries of Arabtec. Arabtec Construction Company LLC, the company behind the world renowned and iconic Burj Khalifa and widely recognised as one of the top construction companies in the UAE. Arabtec Holdings was formed to invest in the construction sector. The company relies on a highly motivated management team with vast experience in the contracting sector. Mr Riad Kamal, a founding shareholder, has overseen the development of several construction projects in Dubai and Abu Dhabi since 1975, many of which are considered landmarks in the UAE and soon to be recognised worldwide. Some of these buildings and landmarks include the Jumeirah Beach Residences, Al Mazaya Sky Gardens, Emirates Hills Developments as well as DIFC Gate Village.

For further information, please contact:
Bassam N Dean
SAHARA Communications
+971 50 956 6829
Bassam@saharagcc.com
www.saharagcc.com

© Press Release 2011