Arabtec Holding has been awarded a AED 2.4 billion contract to construct the long-delayed Abu Dhabi branch of the Louvre museum - further strengthening the Dubai-listed contractor's presence in the capital. Abu Dhabi's Tourism Development and Investment Company awarded the contract to the Arabtec-led joint venture with Constructora San Jose SA and Oger Abu Dhabi LLC after a tendering process. The project follows a spate of similar mega-projects by Dubai - including the Mohammad Bin Rashid City and the canal project in Business Bay - that seems to indicate an "improving picture" for the sector, Green added.