Arabtec to reveal vision for 2018, says CEO

Company to develop middle income housing projects in the region

NEWS, Business, Arabtec, Construction, Housing

Arabtec has announced in a statement that it intends to launch a vision for 2018 that involves a clear strategy for the development plans, targeted sectors, and to keep the shareholders updated on its expansion.

The company explained that it has achieved good results to become a regional leading company in middle income housing.

“Ismaik said that the company will develop similar projects in Egypt and other Arab countries in the future. Therefore, Arabtec management will explain and discuss those plans with the shareholders due to their importance,” the statement said.

The company also said that it strives to merge or acquire large companies with an international presence.

These projects are to span across the oil and gas industries, mining, management and maintenance of industrial entities, power plants and huge infrastructure projects.

Arabtec recently posted a net profit of $102mn for 2013, up by 171% from the previous year.

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