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| 23 November, 2017

Arabtec unit wins $259mln Dubai Downtown project deal

Image for illustrative purpose.
Arabtec logos are seen on buildings under construction in the Marina area of Dubai.

Image for illustrative purpose. Arabtec logos are seen on buildings under construction in the Marina area of Dubai.

REUTERS/Steve Crisp

The scope of work includes the construction of the podium and twin towers of 67 and 46 floors.

Arabtec Holding, a leading contractor for social and economic infrastructure, said its wholly-owned subsidiary Target Engineering Construction Company has been awarded Phase Two of Forte, a residential development in Downtown Dubai by Emaar for Dh950 million ($259 million).

The scope of work includes the construction of the podium and twin towers of 67 and 46 floors, which

is in addition to Phase One, that was previously awarded to Target for the construction of five basements for the two residential towers.

The work on both the phases will be fully completed in 40 months, said a statement from Arabtec.

On the contract win, group CEO Hamish Tyrwhitt said the award of Forte Phase One and Two to

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Target Engineering demonstrates the strength and confidence of the group’s relationship with Emaar

Properties."

"We look forward to further building the solid relationships we have with our clients in

delivering quality projects," he added.-TradeArabia News Service

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