{"id":133244,"date":"2022-12-21T01:09:15","date_gmt":"2022-12-20T18:09:15","guid":{"rendered":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/uaes-alec-snaps-up-target-engineering-to-create-2bn-turnover-firm\/"},"modified":"2022-12-22T20:41:06","modified_gmt":"2022-12-22T13:41:06","slug":"uaes-alec-snaps-up-target-engineering-to-create-2bn-turnover-firm","status":"publish","type":"post","link":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/uaes-alec-snaps-up-target-engineering-to-create-2bn-turnover-firm\/","title":{"rendered":"UAE\u2019s ALEC snaps up Target Engineering to create $2bn-turnover firm"},"content":{"rendered":"


\nUAE firm ALEC Engineering and Contracting (ALEC) has signed a deal to acquire TARGET Engineering Construction Company
\n
\nSource : arabianbusiness.com
\nRead more…UAE\u2019s ALEC snaps up Target Engineering to create bn-turnover firm<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

UAE firm ALEC Engineering and Contracting (ALEC) has signed a deal to acquire TARGET Engineering...<\/p>\n","protected":false},"author":1,"featured_media":133245,"comment_status":"false","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"spay_email":"","footnotes":"","jetpack_publicize_message":"","jetpack_is_tweetstorm":false,"jetpack_publicize_feature_enabled":true},"categories":[1],"tags":[],"class_list":["post-133244","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-property-news"],"jetpack_featured_media_url":"https:\/\/i0.wp.com\/www.siamlandbank.com\/propertynews\/wp-content\/uploads\/2022\/12\/kez-taylor-1000x658-1.jpg?fit=1000%2C658&ssl=1","jetpack_publicize_connections":[],"jetpack_sharing_enabled":true,"jetpack_shortlink":"https:\/\/wp.me\/p75ss1-yF6","jetpack-related-posts":[{"id":161937,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/alec-ipo-raises-381m-after-21x-oversubscription-in-uaes-biggest-construction-listing\/","url_meta":{"origin":133244,"position":0},"title":"ALEC IPO raises $381m after 21x oversubscription in UAE\u2019s biggest construction listing","date":"October 1, 2025","format":false,"excerpt":"\r ALEC\u2019s IPO on the DFM raised $381m with demand topping $8.1bn, marking the UAE\u2019s biggest-ever construction listing by size and value\r \r Source : arabianbusiness.com\r Read more...ALEC IPO raises 1m after 21x oversubscription in UAE\u2019s biggest construction listing","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"https:\/\/i0.wp.com\/www.siamlandbank.com\/propertynews\/wp-content\/uploads\/2025\/10\/Alec-Holding-Dubai-IPO-DFM-1000x658-1.jpg?fit=1000%2C658&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":161426,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/dubai-ipo-alec-holdings-offers-1bn-shares-market-cap-up-to-1-91bn\/","url_meta":{"origin":133244,"position":1},"title":"Dubai IPO: ALEC Holdings offers 1bn shares, market cap up to $1.91bn","date":"September 23, 2025","format":false,"excerpt":"\r ALEC Holdings sets Dubai IPO price range at AED1.35\u20131.40 per share, valuing firm at up to AED7bn, with AED500m dividend planned for 2026\r \r Source : arabianbusiness.com\r Read more...Dubai IPO: ALEC Holdings offers 1bn shares, market cap up to .91bn","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"https:\/\/i1.wp.com\/www.siamlandbank.com\/propertynews\/wp-content\/uploads\/2025\/09\/Alec-Holding-Dubai-IPO-DFM-1000x658-1.jpg?fit=1000%2C658&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":154720,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/uaes-etihad-credit-insurance-reports-over-15-jump-in-insured-turnover-to-aed-16-2bn-in-2024\/","url_meta":{"origin":133244,"position":2},"title":"UAE\u2019s Etihad Credit Insurance reports over 15% jump in insured turnover to AED 16.2bn in 2024","date":"May 28, 2025","format":false,"excerpt":"\r Etihad Credit Insurance achieved AED 11 billion in gross exposure and maintained its AA- Fitch rating, boosting UAE exporters in 100+ countries\r \r Source : arabianbusiness.com\r Read more...UAE\u2019s Etihad Credit Insurance reports over 15% jump in insured turnover to AED 16.2bn in 2024","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"https:\/\/i1.wp.com\/www.siamlandbank.com\/propertynews\/wp-content\/uploads\/2025\/05\/Etihad-Credit-Insurance-Report-1000x667-1.jpg?fit=1000%2C667&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":76634,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/uaes-union-cement-sold-to-indian-firm-for-305m\/","url_meta":{"origin":133244,"position":3},"title":"UAE's Union Cement sold to Indian firm for $305m","date":"January 14, 2018","format":false,"excerpt":"\r Shree Cement acquires 92.83% of the Dubai company\r \r Source : arabianbusiness.com\r Read more...UAE's Union Cement sold to Indian firm for 5m","rel":"","context":"In "Property 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