|28 May, 2019

Arabtec’s unit wins $52mln contract from Ellington Properties

Target will commence the project works immediately for a 24-month period

Image used for illustrative purpose. Arabtec logos are seen on buildings under construction in the Marina area of Dubai in this picture taken November 28, 2009.

Image used for illustrative purpose. Arabtec logos are seen on buildings under construction in the Marina area of Dubai in this picture taken November 28, 2009.

REUTERS/Steve Crisp

Dubai - Mubasher: Arabtec Holding, listed on the Dubai Financial Market (DFM), on Tuesday announced that its wholly-owned subsidiary, Target Engineering Construction Company, has been awarded an AED 192 million contract from Ellington Properties for the Wilton Park Residence project.

Under the contract, Target Engineering will handle construction, landscaping, and irrigation works, as well as the mechanical, electrical, and plumbing engineering (MEP) for the 12-storey residential twin towers in Al Merkadh, Dubai, Arabtec said in a statement.

The company will commence the project works immediately for a 24-month period, according to the statement.

Moreover, Target Engineering is currently working on Ellington’s DT1 project in Dubai’s Downtown, which was awarded in July 2017.

Peter Pollard, acting group CEO of Arabtec, commented: “We are delighted that Ellington has had the confidence to award Target its second project, highlighting the importance of solid relationships and delivery.”

Source: Mubasher

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