{"id":2496,"date":"2016-01-24T21:45:23","date_gmt":"2016-01-24T14:45:23","guid":{"rendered":"http:\/\/www.siamlandbank.com\/propertynews\/?p=2496"},"modified":"2016-01-24T21:35:42","modified_gmt":"2016-01-24T14:35:42","slug":"arabtec-wins-main-contract-for-new-bahrain-airport-terminal","status":"publish","type":"post","link":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/arabtec-wins-main-contract-for-new-bahrain-airport-terminal\/","title":{"rendered":"Arabtec wins main contract for new Bahrain airport terminal"},"content":{"rendered":"


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\nArabtec is set to scoop the US$1.1 billion main contract to build a new terminal at Bahrain International Airport. In a statement to the Dubai Financial Market, the company said it had received a letter of intent from Bahrain\u2019s ministry of transport and telecommunications to award the contract to Arabtec Construction and its joint venture partner, TAV Construction of Turkey. The project, which is being funded by the Abu Dhabi Fund for Development, involves the construction of a new passenger terminal, the main services building and an aircraft bay. Contractors were first invited to bid on the project in August 2014.
\nThe contract award was one of several to be announced by Bahrain Airports Company at the end of the country\u2019s annual international air show. Other deals included one with China\u2019s CIMC for passenger airbridges, one with the Dutch company Vanderlande for a baggage- handling system, a contract for people movers and escalators with Kone and one for security systems with US-based L3 Communications. Kamal bin Ahmed Mohammed, Bahrain\u2019s transport minister, and Mohammed Al Binfalah, the chief executive of Bahrain Airports Company, said that the new terminal would increase the airport\u2019s capacity to 14 million passengers a year.
\nSaeed Mohamed Al Mehairbi, the acting chief executive of Arabtec, said: \u201cArabtec has extensive experience in airport projects, currently performing the construction of Abu Dhabi\u2019s Midfield Terminal. Such major projects have a strategic importance for the development of the region\u2019s capabilities and the continuing growth of the GCC.\u201dTAV Construction is a specialist in airports and tall buildings. It is already working in a joint venture with Arabtec and with Consolidated Contractors Company to build the $3bn Midfield Terminal Complex at Abu Dhabi International Airport, and is part of a private consortium that delivered the Prince Mohammad Bin Abdulaziz International Airport at Medina in Saudi Arabia last year.
\nThe consortium, which includes the Saudi contractors Saudi Oger and Al Rajhi Construction, has a 25-year concession to run Medina Airport. Arabtec\u2019s shares gained 10 per cent on the news. It is the second major contract award announced by the company within the past two weeks, following a Dh2bn award from Aldar Properties on January 11 to build 1,017 villas at the West Yas project on Yas Island. mfahy@thenational.ae
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\n
\nSource : thenational.ae
\nRead more…Arabtec wins main contract for new Bahrain airport terminal<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

Arabtec is set to scoop the US$1.1 billion main contract to build a new...<\/p>\n","protected":false},"author":1,"featured_media":0,"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-2496","post","type-post","status-publish","format-standard","hentry","category-property-news"],"jetpack_featured_media_url":"","jetpack_publicize_connections":[],"jetpack_sharing_enabled":true,"jetpack_shortlink":"https:\/\/wp.me\/p75ss1-Eg","jetpack-related-posts":[{"id":2494,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/arabtec-jv-receives-letter-of-intent-for-bahrain-airport-modernisation-works\/","url_meta":{"origin":2496,"position":0},"title":"Arabtec JV receives letter of intent for Bahrain airport modernisation works","date":"January 24, 2016","format":false,"excerpt":"\r \r Arabtec and its joint venture partner TAV Construction have received a letter of intent to complete the main modernisation works at Bahrain International Airport, the Dubai-listed contractor said on Sunday.The statement gave no details, including the value of the contract, the cost or the timetable for the project,\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":7446,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/arabtec-wins-dh1-1bn-deal-to-build-twin-dubai-towers\/","url_meta":{"origin":2496,"position":1},"title":"Arabtec wins Dh1.1bn deal to build twin Dubai towers","date":"March 10, 2016","format":false,"excerpt":"\r \r UAE contractor Arabtec has won a contract to build a pair of twin, 50-storey towers in central Dubai. The company said that the contract was for a residential development worth Dh1.1bn and that the towers will have a built-up area of 227,000 square metres. In a statement, the\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":28497,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/arabtec-to-build-hotel-in-dubai-internet-city\/","url_meta":{"origin":2496,"position":2},"title":"Arabtec to build hotel in Dubai Internet City","date":"October 4, 2016","format":false,"excerpt":"\r The UAE's largest listed builder, Arabtec, confirmed that it has been awarded a contract to build a hotel in Dubai Internet City. In a statement to the Dubai Financial Market on Monday morning, Arabtec said that it had won the contract for the Dh340 million five-star hotel project earlier\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":13138,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/arabtec-looks-to-shore-up-balance-sheet-as-dubai-contractors-losses-narrow\/","url_meta":{"origin":2496,"position":3},"title":"Arabtec looks to shore up balance sheet as Dubai contractor's losses narrow","date":"May 15, 2016","format":false,"excerpt":"\r The contractor Arabtec has said that it is \"looking at ways to enhance its capital structure\" after posting its sixth successive quarterly loss on Sunday.The company said it \"is currently engaged in discussions with Aabar, its largest shareholder, in respect of potential options for cooperation and continues to remain\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":23869,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/dh2-9-billion-grant-to-kick-start-building-of-bahrains-north-city\/","url_meta":{"origin":2496,"position":4},"title":"Dh2.9 billion grant to kick-start building of Bahrain's North City","date":"August 24, 2016","format":false,"excerpt":"\r A major new city that will eventually house a population of up to 90,000 people in affordable accommodation in Bahrain looks set to finally go ahead after the project gained a Dh2.9 billion grant from the Abu Dhabi Fund for Development (ADFD).Al Madina Al Shamliya, or North City, project\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":34306,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/arabtec-on-right-track-back-to-profitability\/","url_meta":{"origin":2496,"position":5},"title":"Arabtec on right track back to profitability","date":"November 14, 2016","format":false,"excerpt":"\r The head of Arabtec's construction unit said the company is \"on the right track\" to profit\u00adability despite posting its eighth successive quarterly loss yesterday.Arabtec Construction chief executive Raja Ghanma told The National: \"We had a lot of excess fat, for want of a better word. We are trying to\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]}],"_links":{"self":[{"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/posts\/2496"}],"collection":[{"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/comments?post=2496"}],"version-history":[{"count":0,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/posts\/2496\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/media?parent=2496"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/categories?post=2496"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/tags?post=2496"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}