Arabtec Construction LLC receives a letter of acceptance from Mohamed Bin Rashid Housing Establishment for 2290 villas valued at Dhs 3 Billions

Dubai, 09 April 2008: Mohamed Bin Rashid Housing Establishment has issued a Letter of Acceptance to Arabtec Construction LLC for the design and construction of 2290 villas at AlBarsha, AlWarqaa & Oud AlMuteena in Dubai

The total value of the order amounts to Dhs 3 Billions. The project is to be completed in phases over a period of 42 months.

The above order brings the total number of villas currently under construction by Arabtec Construction LLC to about 5000 villas including 3230 villas for Mohamed Bin Rashid Housing Program.

Arabtec Construction LLC has already completed and delivered over 6,300 villas in the last few years including 4,702 villas for EMAAR at Emirates Hills, Emirates Lakes, Meadows, Springs, Arabian Ranches and 560 villas for Dubai Silicon Oasis Authority and 558 villas for Dubai Properties and 544 villas for Mohamed Bin Rashid Housing Program.

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For further information, please contact:
Mustafa Al Khafaf
SAHARA
Tel: 3298996 4 00971
Email: mustafa@saharagcc.com
Website: www.saharagcc.com