Contract win is one of the company’s first overseas project awards in over a year
Arabtec has announced that its subsidiary, Arabtec Construction, has won a deal to develop key phases of developer Emaar Misr’s Uptown Cairo master development. The integrated development is being built in multiple phases and will boast a total built-up area of 61,000sqm.
As per the terms of the $42.7m contract, Arabtec will be responsible for phase three and four of Village E Levana. The firm’s scope of work includes the construction of 128 villas in addition to infrastructure and roadworks.
“The Uptown Cairo project award marks one of the first projects we have been awarded outside the UAE in over a year. We look forward to working on another project for Emaar as we build on solid relationships with our key clients,” said Hamish Tyrwhitt, group CEO of Arabtec Holding.
Arabtec has worked on multiple projects in the UAE including the Burj Khalifa in Dubai, the Emirates Palace Hotel and Louvre Abu Dhabi Museum and is now keen on expanding overseas into key markets with its existing client roster.
“We will continue to strategically onboard work in our key competencies and key geographic markets where our clients operate that makes business sense for Arabtec’s success and sustainability,” added Tyrwhitt.