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Arabtec wins $193 million Dubai tower contract


By Reuters
Dubai contractor Arabtec said on Sunday it won a Dh710 million ($193.3 million) contract to build a tower in Dubai.

The contract value is for the first stage of the project, which will take 38 months to complete, it said in a statement.

Tasameem Real Estate awarded the contract for the project which also includes a five star hotel.

Arabtec, which sold a 70 per cent stake to Abu Dhabi's Aabar Investments, won contracts earlier this month in Qatar and the West Bank.


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