Arabtec unit wins $96m contracts for Damac projects in Dubai

      Published on Saturday, 5 January , 2019      269 Views     
Arabtec unit wins $96m contracts for Damac projects in Dubai


Arabtec Holding has announced that a subsidiary has been awarded contracts worth a total of AED353 million ($96.1 million) by Damac Properties.



The contracts, won by Arabtec Construction, are for the construction works at two luxury residential towers, Reva Residences and Vera Residences.

Both towers are located adjacent to each other in Business Bay and overlook the Dubai Water Canal, the contracting giant said in a statement.

It added that the projects comprise the construction of 125,178 square metres of luxury apartments across the two residential towers of 30 storeys each.

The contract works will commence immediately with a construction period of 25 months.

Group CEO, Hamish Tyrwhitt, said:



“We are delighted to have been awarded another project by Damac Properties. The onboarding of repeat business from our clients is testament to the strength of our relationships and our commitment to delivering projects in our core competencies and core markets.”

Keywords:
Category Dubai News | 2019/01/05 latest update at 8:00 PM
Source : Arabian Business | Photocredit : Google
270 Views
Comments Add comment



Related Articles

The editorial staff of Dubai Today would like to give all of its readers from Gulf and Dubai and the whole world the opportunity to participate actively in the development of the website! If you have something interesting, fun, scandalous - just something worth to be seen from more people. Capture it and share it in the Dubai Today with a short text.

Do you have information you want to reach our readers?

Send article/s

You can subscribe to our Facebook, Twitter and Google pages or use our RSS feed channel to always read the most important news about Dubai, the Gulf and the world.


Sheikh Mohammed meets Egyptian President in Beijing Emir

Sheikh Mohammed meets Egyptian President in Beijing

His Highness Sheikh Mohammed Bin Rashid Al Maktoum, Vice President, Prime Minister and Ruler of Dubai, met President…

HH Sheikh Mohammed Bin Rashid Al Maktoum Emir

HH Sheikh Mohammed Bin Rashid Al Maktoum

Vice President and Prime Minister of the UAE and Ruler of Dubai His Highness Sheikh Mohammed bin Rashid…

HH Sheikh Mohammed Bin Rashid Al Maktoum Emir

HH Sheikh Mohammed Bin Rashid Al Maktoum

Vice President and Prime Minister of the UAE and Ruler of Dubai His Highness Sheikh Mohammed bin Rashid…

HH Sheikh Mohammed Bin Rashid Al Maktoum Emir

HH Sheikh Mohammed Bin Rashid Al Maktoum

Under the patronage of Vice President and Prime Minister of the UAE and Ruler of Dubai His Highness…

GULF TV

Popular in GULF TV

Freelancing in the UAE region

16194 Views

The global freelancing market is set to grow $20bn by 2020. Where does the market stand here in…

Latest videos in GULF TV

Events

Lifestyle

Culture

Sport

Science & Technology

Government