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ABU DHABI, UAE - MARCH 27: Cityscape of Abu Dhabi on March 27, 2

Dubai builder Arabtec wins $152 million contracts in Abu Dhabi

Contracts are expected to be completed in February 2016

January 25, 2015 2:45
Construction workers on building site

Dubai to get another high-rise building by 2017

Builder of the Burj Khalifa awarded AED1.8 billion construction contract.

November 6, 2013 4:11
Gulf Capital Markets

Rare gulf cash call built on shaky foundations

Arabtec is planning to raise up to $1.8 billion to fund its expansion drive, from two rights issues and a $450 million bond.

May 30, 2013 1:06
Workers - illustrative purposes only

Arabtec workers: strike will continue

Employees say no promises for higher wages have yet been made.

May 21, 2013 11:57
Dubai labourers go on rare strike for more pay

Dubai Labourers on ‘rare’ labour protest

Two Arabtec employees who asked not to be identified said several thousand workers engaged on various projects did not report for duty on Sunday.

May 20, 2013 9:33
Illustrative purposes only

Arabtec’s new Chief says Aabar not seeking stake increase

Ismaik was also quoted saying Arabtec wants to preserve its liquidity and does not want to borrow more and increase its debt.

March 3, 2013 10:08

Dubai builder Arabtec suffers first loss since 2009

Net loss is 11.6 mln dirhams; Revenue 1.3 bln dirhams vs 1.2 bln yr-ago; Gross margins drop 9.9 percent year on year; Shares close down 4 pct on Dubai bourse

August 9, 2012 10:30

Abu Dhabi airport contractors near $1.1 billion finance deal

The consortium building Abu Dhabi's new airport terminal is close to securing a 4-billion dirhams ($1.1 billion) financing deal, which will be mainly sharia-compliant, banking sources said on Wednesday.

August 8, 2012 4:20
Dubai's Arabtec Q1 Net Surges

Dubai's Arabtec Q1 Net Surges

Q1 net profit 84.1mln dirhams vs. 26.6 million a year ago; Results beat average analysts forecasts; Says considering buying remaining 45 percent in steel unit; Abu Dhabi fund Aabar owns 10.5 percent in Arabtec

May 9, 2012 9:25
Arabtec-Tav Group Nears $3 Billion Abu Dhabi Airport Contract

Arabtec-Tav Group Nears $3 Billion Abu Dhabi Airport Contract

An Arabtec Holding consortium that includes Greek and Turkish firms is on the cusp of securing an estimated $3 billion contract for the expansion of Abu Dhabi's international airport, four industry sources told Reuters.

April 25, 2012 2:52