Arabtec unit wins $53m contract for Forte project in Dubai
Target Engineering Construction Company awarded work by developer Emaar
A subsidiary of Arabtec Holding has been awarded an AED 196 million ($53.3m) project by Emaar Properties for the main contract works of phase one of the Forte project.
Target Engineering Construction Company will carry out the work on the development in Downtown Dubai, according to a statement.
The contract scope includes the construction of five basements for two residential towers, and the project will commence this month and last 12 months.
Group Chief Executive Officer, Hamish Tyrwhitt, said: “We look forward to working on another project with Emaar Properties. We continue to win projects that are aligned with our key geographies and our key competencies whilst maintaining a robust risk management approach.”
