Abu Dhabi cancels deal with TAV-led consortium for $3bn MTB project

Abu Dhabi’s state-owned airport operator has cancelled a contract with a consortium led by Turkey’s TAV Insaat, with the UAE-based Arabtec, and...

Construction

Depa: Arabtec liquidation ‘likely’ to have material impact on interior solutions group

Depa, the global interior solutions group, has said that it is awaiting clarity on the impact of Arabtec’s shareholder vote to liquidate...

Construction

Arabtec Holding to file for bankruptcy, claim reports

Arabtec Holding, the largest construction group in the region, will file for bankruptcy following a shareholder vote held during yesterday's general assembly...

Construction

Target wins EPC contract for Jebel Dhanna Terminal

Target Engineering Construction Company (TECC) has won a $110m contract from the Abu Dhabi Company for Onshore Petroleum Operations (Adnoc Onshore) for...

Construction

Arabtec subsidiary wins $53.2mn Saudi Aramco contract

Arabtec Holding, the UAE-based contractor for social and economic infrastructure, has said that one of its units, Target Engineering Construction Company, has...

Construction

Arabtec restructures team, appoint new chief executive officer

Arabtec Holding has promoted its group chief operating officer, Wail Farsakh, to chief executive officer, and appointed Najeh Awad as acting chief...

Consultant

Arabtec and Etisalat working to accelerate contractor’s digital transformation

Etisalat, the UAE-based telecom services operator, has announced that it is entering into a strategic partnership with the Dubai-based contractor Arabtec, to...

Construction

Arabtec Holding registers $119mn loss in Q3 2019

Arabtec Holding, Dubai’s largest listed construction firm, has registered a loss of $119.1 million in the third quarter of the year, it...

Construction

Arabtec Construction’s CEO Boyd Merrett resigns

Arabtec Holding, the UAE-based contractor for social and ecnomic infrastructure, has announced that Boyd Merrett, chief executive officer of Arabtec Construction, a...