Dubai’s Arabtec wins contract for AED 1.1 bln twin tower project

10/03/2016 Argaam

Arabtec Construction, a subsidiary of Dubai-listed Arabtec Holding, has been awarded a contract for a AED 1.1 billion twin tower project located in central Dubai, the company said in a bourse statement Thursday.

 

The 50-storey towers include residential apartments with a total built-up area of more than 227,800 square meters. Construction is expected to begin soon and will be completed within two and a half years, Arabtec added, without mentioning the awarding company.

 

Earlier this week, Arabtec had told Argaam that it was committed to improving transparency and providing disclosures to investors.

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