Arabtec wins $279m Dubai Properties project deal
DUBAI, December 30, 2017
Arabtec Holding, a leading contractor for social and economic infrastructure, said its wholly-owned subsidiary, Arabtec Construction has been awarded a Dh1.025 billion ($279 million) contract from Dubai Properties for Villanova Amaranta and La Quinta Phases.
The project involves the construction works for a residential community that includes villas and townhouses, said a statement from Arabtec.
Efeco (Emirates Falcon Electromechanical Company), another wholly owned subsidiary of Arabtec Holding, will be carrying out the MEP (mechanical, electrical and plumbing works for the project.
Villanova, which is located off Emirates Road, between Al Ain Road and Al Qudra Road and 10 minutes away from Business Bay, displays influences of Mediterranean architecture with the use of columns, arches, textured facades and slanted roofs with spacious units.
The project works are expected to begin immediately with an overall duration of 28 months.
On the contract win, Group CEO Hamish Tyrwhitt said: "We look forward to working on the Villanova Project and to developing our relationship with Dubai Properties. This contract reflects the Group’s ability to deliver projects tailored to our client’s requirements."
"We continue to onboard new projects through the 4- Gate Work Winning Process, which is designed to selectively win work that has the ability to deliver successful outcomes which will continue to support the Group to capitalise on the positive long-term outlook for the construction and engineering sector in our core geographic markets," he added.-TradeArabia News Service
