(MENAFN) Dubai's Arabtec Holding announced that it has won two contracts in Abu Dhabi, through its Target Engineering unit, with the contracts having a combined value of USD152.5 million, Emirates 24/7 reported.
The developer said that it was awarded the first contract by Abu Dhabi National Oil Company (Adnoc), with a value of USD93.90 million for the expansion of a housing complex in Ruwais, near Abu Dhabi.
Target, a fully-owned subsidiary of Arabtec, will also be working on a USD58.51 million project awarded by Abu Dhabi Company for Onshore Oil Operations (Adco), which will include the construction of a new management building and a civil defence station, with both projects expected to be completed in February 2016.
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