Arabtec wins $279m Dubai Properties' Villanova contract
The contract, awarded to Arabtec Construction, covers the Villanova project's Amaranta and La Quinta phases
Arabtec Holding announced that its subsidiary has been awarded contracts to work on Dubai Properties' Villanova project.
The contract awarded to Arabtec Construction, worth $279m (AED1.02bn), covers the project's Amaranta and La Quinta phases.
The contract's scope includes the construction of villas and townhouses.
Emirates Falcon Electromechanical Co (EFECO), a wholly owned subsidiary of Arabtec Holding, will deliver mechanical, electrical, and plumbing (MEP) services for the project.
Project works were expected to commence immediately, with completion set within a 28-month period, Arabtec revealed in a missive issued to the Dubai bourse on 28 December, 2017.
Commenting on the contract, Hamish Tyrwhitt, group chief executive officer (CEO) of Arabtec Holding, said: "We look forward to working on the Villanova project and to developing our relationship with Dubai Properties.
"This contract reflects the group’s ability to deliver projects tailored to our client’s requirements."