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.
1st Jan change | Capi. | |
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-6.99% | 65.38B | |
+3.43% | 60.05B | |
+24.51% | 39.35B | |
+12.47% | 31.06B | |
+15.75% | 30.47B | |
+18.86% | 20.22B | |
+9.51% | 19.88B | |
+74.74% | 17.69B | |
+30.17% | 16.16B |