Arabtec to showcase series of mixed-use projects
Arabtec Properties to make its first public appearance at Cityscape
Arabtec’s newly launched subsidiary, Arabtec Properties, will be showcasing a series of planned projects, or projects that are under construction, at Cityscape Abu Dhabi.
The new subsidiary, which was launched with an aim to focus on lower to middle-income housing in a series of multi-use developments, had previously announced one of its first projects in Egypt. The project includes the construction of one million homes for lower income Egyptian families.
"Arabtec is highly interested in exploring opportunities in the lower to mid income housing sector. Similar to the one in Egypt, our Company will soon announce a series of projects planned to take place across several countries in the GCC and across the Arab world,” said Hasan Ismaik, managing director and chief executive officer of Arabtec Holding.
“We are proud to see Arabtec Properties make its first public appearance at an important event like Cityscape Abu Dhabi. We look forward unveiling a series of our planned and current projects, which will include iconic projects such as the one million home project in Egypt, as well as other planned residential and mixed-use developments in the UAE,” Ismaik added.
Apart from its project in Egypt, Arabtec Properties will also showcase five mixed-use projects; three of which are in Abu Dhabi and two in Dubai.
The Abu Dhabi-based projects include the Saraya development on the Abu Dhabi Corniche, the C13 development on Reem Island, and the Rancho Ghantout Development which is still in the masterplan development and feasibility study phases.
In Dubai, Arabtec Properties will develop two projects, Viceroy Tower and the P-17 development. Viceroy Tower development will consist of two towers located in Business Bay in Dubai, while the P-17 is a mixed-use development that will house a hotel and serviced apartments as well as residential apartments and boutique offices.
The project is expected to be completed in February 2018.