Arabtec new projects 2016
Arabtec Holding PJSC, a leading construction company in the Middle East, had several new projects in 2016. Here are some of the notable ones:
- Dubai Water Canal: Arabtec was awarded a contract worth AED 1.3 billion (approximately USD 354 million) to build the Dubai Water Canal, a 3.2-kilometer-long waterway that connects Dubai Creek to the Arabian Gulf.
- Dubai Creek Harbour: Arabtec was awarded a contract worth AED 1.2 billion (approximately USD 327 million) to build a residential and commercial complex in Dubai Creek Harbour, a new waterfront development in Dubai.
- Abu Dhabi's Reem Island: Arabtec was awarded a contract worth AED 1.1 billion (approximately USD 300 million) to build a residential and commercial complex on Reem Island, a new development in Abu Dhabi.
- Qatar's Lusail City: Arabtec was awarded a contract worth QAR 1.5 billion (approximately USD 412 million) to build a residential and commercial complex in Lusail City, a new development in Qatar.
- Saudi Arabia's Jeddah Tower: Arabtec was awarded a contract worth SAR 1.2 billion (approximately USD 320 million) to build a residential and commercial complex in Jeddah Tower, a new development in Jeddah, Saudi Arabia.
- Egypt's New Administrative Capital: Arabtec was awarded a contract worth EGP 1.5 billion (approximately USD 85 million) to build a residential and commercial complex in the New Administrative Capital, a new development in Egypt.
- Oman's Muscat International Airport: Arabtec was awarded a contract worth OMR 150 million (approximately USD 390 million) to build a new terminal at Muscat International Airport in Oman.
- Bahrain's Bahrain Bay: Arabtec was awarded a contract worth BHD 100 million (approximately USD 264 million) to build a residential and commercial complex in Bahrain Bay, a new development in Bahrain.
These are just a few examples of the new projects that Arabtec had in 2016. The company has a diverse portfolio of projects across the Middle East and North Africa, and continues to be a major player in the region's construction industry.