Dubai, UAE – 26 September 2017: Arabtec Holding PJSC (“Arabtec” or “Group”), a leading contractor for social and economic infrastructure, today announced that its wholly owned subsidiary, Target Engineering Construction Company (‘Target’) has been awarded an AED 196 million project by Emaar Properties for the main contract works of Phase 1 of Forte, the project in Downtown Dubai.
The contract scope includes the construction of 5 basements for 2 residential towers. The project willcommence this month for a duration of 12 months.
Group Chief Executive Officer, Mr. Hamish Tyrwhitt comments: “We look forward to working on another project with Emaar Properties. We continue to win projects that are aligned with our key geographies and our key competencies whilst maintaining a robust risk management approach.”
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