Arabtec Holding announced that it has won two contracts in Abu Dhabi, through its Target Engineering unit, with the contracts having a combined value of USD 152.5 million. The developer announced that it was awarded the first contract by Abu Dhabi National Oil Company, with a value of USD 93.90 million for the expansion of a housing complex in Ruwais, near Abu Dhabi. Target, a fully-owned subsidiary of Arabtec, will also be working on a USD 58.51 million project awarded by Abu Dhabi Company for Onshore Oil Operations, which will include the construction of a new management building and a civil defence station, with both projects expected to be completed in February 2016.
1st Jan change | Capi. | |
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-13.47% | 60.03B | |
+0.63% | 58.73B | |
+17.74% | 39.09B | |
+10.40% | 30.06B | |
+9.81% | 28.56B | |
+14.79% | 20.43B | |
+14.69% | 19.58B | |
+69.47% | 17.41B | |
+33.62% | 16.89B |