Quotes: MENA   Enter Symbol: NewsLetter: Search: advanced

Saudi - Arabtec in AED2.59bn Al-Reem Island project  Join our daily free Newsletter

MENAFN - Arab News - 15/01/2014
No. of Ratings : 0
Add to Mixx!



(MENAFN - Arab News) Dubai-based Arabtec Construction has won an AED2.59 billion (705 million) contract to build a 61-floor block of flats and hotel complex in the Shams area, Arabtec Holding said



The project, to be constructed on a plot area of 32,000 m2 as part of Al-Reem Island, and a built up area of around 350,000 square meters, will also host a five-star hotel offering 400 guestrooms and 200 serviced apartments



The project will be a valuable addition to the versatile offering of the Al-Reem Island, claimed to be the largest development in Abu Dhabi and the first of its kind in the region to be developed on a natural island

The project, designed by the Architecture and Planning Group, is scheduled to begin in the first quarter of 2014 and will be completed within three years



"Arabtec has been actively involved in delivering a host of infrastructural, tourist and cultural projects that constitute some of the major components of Abu Dhabi's uban evolution as envisaged in Plan Abu Dhabi 2030," said Hasan Abdullah Ismaik, MD & CEO of Arabtec Holding




"This is the first happy tiding of the new year. And there are many on the way. These will be announced in due course. We are confident that 2014 will be a special year not only in terms of new awards but also with regard to the progress of implementation of our growth strategy and the striking of more local and international partnerships to take Arabtec to higher levels of success," he added



With the new contract award, Arabtec's 2013 backlog in 2013 crosses the AED33 billion limit, catapulting to unprecedented levels and exceeding the records in the company's 38 year history



Arabtec's top list of completed projects includes iconic buildings such as the world's tallest building, the Burj Khalifa in Dubai, and Abu Dhabi landmark, the Emirates Palace Hotel, as well as other technically challenging work on airports and related infrastructure

 


Arab News




  MENA News Headlines
 Sep 27 2016 - Daimler Trucks presents Fuso eCanter and Mercedes-Benz Urban eTruck at 2016 IAAMENAFN Press
(MENAFN Press) World premiere: the all-electric and networked Mercedes-Benz Urban eTruck • Electric truck with the performance of a diesel engine • Innovative design with flowing lines The ...

 Sep 27 2016 - GCC participants enrich the character of Juha in Narrator’s Café at 16th Sharjah International Narrators ForumMENAFN Press
(MENAFN Press) A wide range of participants from Oman, Qatar, Saudi Arabia, Kuwait and the UAE have enriched the contemporary personality of Juha, a folk storyteller persona, during the evening ...

 Sep 27 2016 - California Mesothelioma Victims Center Now Offers a PowerEnergy Worker with Mesothelioma in California Better Options When It Comes to Attorneys with The Goal Better CompensationMENAFN Press
(MENAFN Press) California Mesothelioma Victims Center Now Offers a Power/Energy Worker with Mesothelioma in California Better Options When It Comes to Attorneys with The Goal Better Compensation ...

 Sep 27 2016 - SE UMCC doubled the value of its assetsMENAFN Press
(MENAFN Press) SE UMCC doubled the value of its assets The value of assets of the two companies more than doubled since 2014, reaching UAH 1.7 billion KIEV, UKRAINE, September 20, 2016 ...

 Sep 27 2016 - AnyFlip Flipbook Software Ranked Higher in Digital PublishingMENAFN Press
(MENAFN Press) AnyFlip Flipbook Software Ranked Higher in Digital Publishing AnyFlip won the support of marketers, bloggers and businesses that create attractive flipbooks for online ...

 Sep 27 2016 - foodpanda Malaysia launches World Food Tour campaignMENAFN Press
(MENAFN Press) foodpanda Malaysia launches World Food Tour campaign Celebration to the many cuisines available on the food delivery platform This campaign not only gives our customers a chance ...

 Sep 27 2016 - Satellite Broadband Communication in Public Safety Market Report 2016 - 2021MENAFN Press
(MENAFN Press) Satellite Broadband Communication in Public Safety Market Report 2016 - 2021 PUNE, INDIA, September 27, 2016 /EINPresswire.com/ -- Sales, means the sales volume of Satellite ...

 Sep 27 2016 - Solder: Consumption, Demand, Sales, Competitor and Forecast 2016 2021MENAFN Press
(MENAFN Press) Solder: Consumption, Demand, Sales, Competitor and Forecast 2016 – 2021 Solder Global Market 2016 Analysis and Forecast to 2021 PUNE, INDIA, September 27, 2016 /EINPresswire.com/ ...

 Sep 27 2016 - BriskBard 1.2 Released With New Security FeaturesMENAFN Press
(MENAFN Press) BriskBard 1.2 Released With New Security Features BriskBard's web browser BriskBard's email client BriskBard's logo The latest version of BriskBard has been released with ...

 Sep 27 2016 - Watch Your Mind Maps in Style with Mind Vector For Apple WatchMENAFN Press
(MENAFN Press) Watch Your Mind Maps in Style with Mind Vector For Apple Watch Mind Vector, the No. 1 choice of 1 Million + users worldwide is now available on the Apple Watch. Use the app on ...

more...


 





Google

 
 

Middle East North Africa - Financial Network

MENAFN News Market Data Countries Tools Section  
 

Middle East North Africa - Financial Network
Arabic MENAFN

Main News
News By Industry
News By Country

Islamic Finance News
Private Equity News

How-To Guides
Technology Section

Travel Section

Search News

Market Indices
Quotes & Charts

Global Indices
Arab Indices

Commodoties

Oil & Energy

Currencies Cross Rates
Currencies Updates
Currency Converter

USA Stocks
Arab Stocks
 

Algeria 
Bahrain 
Egypt 
Iraq
Jordan 
Kuwait 
Lebanon
Morocco 
Oman 
Palestine
Qatar 
Saudi Arabia 
Syria
Tunisia 
UAE 
Yemen

Weather
Economic Calendar
Financial Glossary


Financial Calculators

RSS Feeds [XML]

Corporate Monitor

Events

Real Estate
Submit Your Property

Arab Research
Buy a Research

Press Releases
Submit your PR

Join Newsletters


 
© 2014 menafn.com All Rights Reserved.  Terms of Service | Privacy Policy | Contact Us | Advertise | About MENAFN | Career Opportunities | Feedback | Help