{"id":7446,"date":"2016-03-10T18:43:36","date_gmt":"2016-03-10T11:43:36","guid":{"rendered":"http:\/\/www.siamlandbank.com\/propertynews\/?p=7446"},"modified":"2016-03-10T16:12:00","modified_gmt":"2016-03-10T09:12:00","slug":"arabtec-wins-dh1-1bn-deal-to-build-twin-dubai-towers","status":"publish","type":"post","link":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/arabtec-wins-dh1-1bn-deal-to-build-twin-dubai-towers\/","title":{"rendered":"Arabtec wins Dh1.1bn deal to build twin Dubai towers"},"content":{"rendered":"


\n
\nUAE 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 company said it was a “prestigious” project but did not name the client. It said that construction will begin straight away, and that the work will take two and-a-half years to complete.
\nArabtec Holding’s acting chief executive, Mohamed Al Mehairbi, said: “We are delgihted to have been chosen to execute this important project, adding further to the strong momentum in which we have begun 2016.”Already this year, Arabtec has announced the award of a Dh2bn contract from Aldar Properties to build 1,017 villas at the West Yas development on Yas Island, and its consortium with Turkish contractor TAV Construction has secured a $1bn (Dh3.67bn) to build a new terminal at Bahrain International Airport.
\nArabtec endured a tough 2015, though, posting a full-year loss of Dh2.3bn as sales declined by 12 per cent to Dh7.3bn.mfahy@thenational.aeFollow The National’s Business section on Twitter
\n
\nSource : thenational.ae
\nRead more…Arabtec wins Dh1.1bn deal to build twin Dubai towers<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

UAE contractor Arabtec has won a contract to build a pair of twin, 50-storey...<\/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-7446","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\/p75ss1-1W6","jetpack-related-posts":[{"id":28497,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/arabtec-to-build-hotel-in-dubai-internet-city\/","url_meta":{"origin":7446,"position":0},"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":1153,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/arabtec-awarded-dh2bn-contract-to-build-1017-villas-on-abu-dhabis-yas-island\/","url_meta":{"origin":7446,"position":1},"title":"Arabtec awarded Dh2bn contract to build 1,017 villas on Abu Dhabi’s Yas Island","date":"January 11, 2016","format":false,"excerpt":"\r \r Dubai contractor Arabtec has been awarded a Dh2 billion contract by Abu Dhabi\u2019s Aldar Properties to build 1,017 villas on Yas Island.The contract represents the final package to be awarded for the West Yas development following infrastructure, public realm, school, clubhouse, retail and mosque packages, Aldar said in\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":2496,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/arabtec-wins-main-contract-for-new-bahrain-airport-terminal\/","url_meta":{"origin":7446,"position":2},"title":"Arabtec wins main contract for new Bahrain airport terminal","date":"January 24, 2016","format":false,"excerpt":"\r \r Arabtec 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\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":9028,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/arabtec-renews-dh1-4bn-dispute-against-meydan-three-years-after-dropping-dubai-racecourse-claim\/","url_meta":{"origin":7446,"position":3},"title":"Arabtec renews Dh1.4bn dispute against Meydan three years after dropping Dubai racecourse claim","date":"March 25, 2016","format":false,"excerpt":"\r \r Arabtec is to recommence its legal action against Meydan, reviving one of Dubai's biggest construction disputes since the financial crisis.It comes three years after the pair agreed to out-of-court talks to resolve their dispute over the redevelopment of the horse racing venue Arabtec is now recommencing its bid\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":7446,"position":4},"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":1175,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/arabtec-shares-surge-on-news-of-545m-aldar-contract-win\/","url_meta":{"origin":7446,"position":5},"title":"Arabtec shares surge on news of $545m Aldar contract win","date":"January 11, 2016","format":false,"excerpt":"\r Dubai contractor to build 1,017 luxury villas in Abu Dhabi\r \r Source : arabianbusiness.com\r Read more...Arabtec shares surge on news of 5m Aldar contract win","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\/7446"}],"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=7446"}],"version-history":[{"count":0,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/posts\/7446\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/media?parent=7446"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/categories?post=7446"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/tags?post=7446"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}