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Arabtec aims for Qatar

Arabtec is hoping to win projects worth more than US $279 million (AED1 billion) in Qatar.

Arabtec is hoping to win projects worth more than US $279 million (AED1 billion) in Qatar.

In a statement to the Dubai Financial Market, the UAE’s only quoted contractor said it was holding talks on the undisclosed projects.

It follows moves to register a joint venture company in Qatar.

The company has completed registering Arabtec Construction in partnership with Naser Bin Khaled and Sons Group.

“Arabtec’s recent geographical diversification will enhance its capability to generate better returns to investors,” said Riad Kamal, managing director, Arabtec Holding.

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