Dubai, August 3rd 2008: Arabtec Construction LLC received a letter of acceptance valued at AED 1.6 billion from Emaar-Bawadi Joint Venture to design and construct 1437 villas as part of the Bawadi project in Dubailand. The project will be delivered in phases over a period of 37 months.

Riad Kamal, CEO of Arabtec Holding PJSC, stated: "Our vast experience and the variety of projects we've carried out so far, from towers to residential complexes and villas, has deeply supported our abilities to fulfill our clients' needs, and has given us a complete understanding of what our clients look for in their projects. Developers choose Arabtec because they are confident of the company's ability to accomplish these big projects."

"This mutual trust that has been developed between the company and the clients, based on the clients' satisfaction and the high standards of the company, has firmly positioned Arabtec's name as a symbol of quality and trust," he added.

Arabtec is one of the largest construction companies in the region, with expert management, engineering, and technical staff, and a wealth of experience in the real estate market, including residential villa complexes. Over the past few years, Arabtec has constructed more than 7,000 villas for Dubai Silicon Oasis Authority, Dubai Properties, Mohammed bin Rashid Housing Establishment and Emaar's villas at "Emirates Hills", "The Lakes", "The Meadows", "The Springs" and "Arabian Ranches".

The total number of villas currently under construction by Arabtec exceeds 10000 villas including 3230 villas for Mohammed bin Rashid Housing Establishment, 1515 for Nakheel's "Al Furjan" project, 1047 for Dubai Silicon Oasis Authority, 1262 for various projects by Emaar, 2065 villas at Bawadi for Emaar-Bawadi Joint Venture, and a number of villas in the "Sanctuary Falls" project in Dubai.

Arabtec Construction recently signed a Memorandum of Understanding with the Tourism Development & Investment Company (TDIC) in Abu Dhabi to design, develop and construct the first phase of Al Saadiyat beachfront villas project, which lies in Al Saadiyat Islands near Abu Dhabi.

-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 Dubai are widely recognised as one of the top construction companies in the UAE. Arabtec Holdings was formed to invest in the construction sector with a view to benefit from the unprecedented construction boom that is expected to continue over the next few years. 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 more information, please contact:
Mustafa Al Khafaf
SAHARA Public relations
+9714 3298996
mustafa@saharagcc.com
www.saharagcc.com

© Press Release 2008