Error message

  • Warning: mysqli_connect(): php_network_getaddresses: getaddrinfo failed: Name or service not known in include() (line 276 of /var/www/www.monocodebase.com/htdocs/sites/default/settings/www.constructionweekonline.com.settings.php).
  • Warning: mysqli_connect(): (HY000/2002): php_network_getaddresses: getaddrinfo failed: Name or service not known in include() (line 276 of /var/www/www.monocodebase.com/htdocs/sites/default/settings/www.constructionweekonline.com.settings.php).
  • Warning: mysqli_close() expects parameter 1 to be mysqli, boolean given in include() (line 300 of /var/www/www.monocodebase.com/htdocs/sites/default/settings/www.constructionweekonline.com.settings.php).

Arabtec bags $43m contract for Uptown Cairo project

Arabtec Construction, a wholly owned subsidiary of Arabtec Holding, has been awarded a $43m (AED157m) contract for the Uptown Cairo master project

The contract comprises the construction of Phases 3 and 4 of Village E Levana.
The contract comprises the construction of Phases 3 and 4 of Village E Levana.

Arabtec Construction, a wholly owned subsidiary of Arabtec Holding, has been awarded a $43m (AED157m) contract for the Uptown Cairo master project from Emaar Misr. 

The contract comprises the construction of Phases 3 and 4 of Village E Levana of the master planned development, the contractor announced in a statement on Tuesday. 

Located in the heart of Egypt’s capital, Uptown Cairo’s Phase 3 and 4 will entail the construction of 128 villas along with the surrounding roadworks and infrastructure.

READ: Arabtec bidding on $4bn UAE projects as Q1 net profit grows 261%

The total built up area of both phases is approximately 61,000 square metres.

Arabtec Holding’s Group Chief Executive Officer, Hamish Tyrwhitt comments: “The Uptown Cairo Project award marks one of the first projects we have been awarded outside the UAE in over a year.

READ: Arabtec subsidiary wins $118m Dubai Municipality contract

“We look forward to working on another project for Emaar as we build on our solid relationships with our key clients.

“We will continue to strategically onboard work in our key competencies and key geographic markets where our clients operate that makes business sense for Arabtec’s success and sustainability.”

Arabtec Group announced earlier this month that it had achieved a net profit increase of 261% for Q1 2018, which amounted to $17.3m (AED63.6m), or nearly triple its Q1 2017 net profit, worth $4.8m (AED17.6m).  

 

 

Most popular

Awards

CW Oman Awards 2020: Meet the winners
A round of the thirteen winning names at the Construction Week Oman Awards 2020 that

Conferences

Leaders UAE 2020: Building a sustainable, 'resilient' infra
AESG’s Phillipa Grant, Burohappold’s Farah Naz, and Samana's Imran Farooq on a sustainable built environment
CW In Focus | Inside the Leaders in KSA Awards 2019 in Riyadh
Meet the winners in all 10 categories and learn more about Vision 2030 in this

Latest Issue

Construction Week - Issue 767
Sep 01, 2020