Arabtec wins $279m Dubai Properties contract
Construction subsidiary awarded work on Villanova Amaranta and La Quinta phases
Arabtec Construction has clinched a AED 1.025 billion ($279m) contract from Dubai Properties for work on Villanova Amaranta and La Quinta phases.
The news was announced by parent company Arabtec Holding in a statement to the Dubai Financial Market.
The project involves the construction works for a residential community that includes villas and townhouses.
EFECO (Emirates Falcon Electromechanical Co.), another wholly owned subsidiary of Arabtec Holding, will be carrying out the MEP works for the project, the statement said.
Villanova is located off Emirates Road, between Al Ain Road and Al Qudra Road 10 minutes from Business Bay. The project works are expected to begin immediately with an overall duration of 28 months.
Arabtec group CEO Hamish Tyrwhitt said: “We look forward to working on the Villanova Project and to developing our relationship with Dubai Properties. This contract reflects the Group’s ability to deliver projects tailored to our client’s requirements. We continue to onboard new projects through the 4- Gate Work Winning Process, which is designed to selectively win work that has the ability to deliver successful outcomes which will continue to support the Group to capitalise on the positive long-term outlook for the construction and engineering sector in our core geographic markets.”
