Arabtec to open in Baghdad
Firm in talks with Iraqi government over a number of mega-projects
UAE-based contractor Arabtec has revealed that it is opening an office in Baghdad with a view to growing its presence in Iraq.
The company said that the office will allow it to capitalise on Iraq's potential both in oil & gas and infrastructure in what is "expected to become the region's most lucrative construction market".
The firm added that its JVs with Korean firms Samsung Engineering and GS Engineering & Construction were likely to pave the way for its entry into the market.
CEO Hasan Abdullah Ismaik said: "We see great potential for Arabtec in Iraq. Our physical presence there will enable us to capitalise on the significant new business opportunities that are available particularly in oil and gas and infrastructure.
He added that the frim was already in talks with the Iraqi government over a number of mega-projects.
"These talks are at an advanced stage and we hope to announce the results in the very near future.”
Earlier this month, Arabtec announced that it was opening an office in Belgrade to target work in the Balkan states.