Arabtec subsidiary wins $31m MEP contract in Dubai Creek Harbour
Arabtec Holding’s EFECO has inked a $31m (AED113m) deal with Al Naboodah Co to conduct MEP works for Dubai Creek Harbour’s Creekside 18 project
Emirates Falcon Environmental Co (EFECO) has inked a $31m (AED113m) deal with Al Naboodah Co for the Creekside 18 project in Dubai.
Under the terms of the contract, EFECO – a wholly owned subsidiary of UAE-based construction giant, Arabtec Holding – will conduct mechanical, electrical, and plumbing (MEP) works for the project, which is located within Dubai Creek Harbour.
In a statement issued to Dubai Financial Market (DFM), Arabtec Holding revealed that EFECO had been selected to complete MEP works for Creekside 18’s two 37-storey residential towers.
EFECO will commence work on the project in July 2017, and the contract is scheduled to be delivered within 22 months.
Commenting on the contract win, Hamish Tyrwhitt, group chief executive officer of Arabtec Holding, said: “We are pleased that EFECO has been awarded the Creekside 18 project at the Dubai Creek Harbour development.
“This award demonstrates our integrated capabilities across our operating entities, and provides core competency service to our clients. We continue to remain on track as we execute our strategic roadmap,” he added.
Located next to Ras Al Khor Wildlife Sanctuary, the Dubai Creek Harbour master-planned community is being developed as part of a joint venture (JV) between Emaar Properties and Dubai Holding.
Tyrwhitt, who was appointed as Arabtec Holding's group CEO in November 2016, was recently included in fifth place on Construction Week’s 2017 Power 100, our annual ranking of the Middle East’s most influential construction professionals.
In Q1 2017, Arabtec Holding recorded its first quarterly profit since 2014.