DUBAI: Arabtec Holding PJSC, a leading contractor for social and economic infrastructure, announced the appointment of Waleed Al Mokarrab Al Muhairi upon his election as a new member of the Board of Directors of Arabtec Holding PJSC. He succeeds Mohamed Thani Al Rumaithi who tendered his resignation as Chairman of the Board. Arabtec’s Board of…
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Arabtec Holding posts a loss of AED 774 million in 2019
DUBAI: Arabtec Holding PJSC, a leading contractor for social and economic infrastructure, announces its financial results for 12 months ended 31st December 2019. Arabtec reported a net loss to parent of AED 774 million in 2019, which was attributable to the construction business (Arabtec Construction). Other core businesses including Target (Industrial), Arabtec Engineering Services (Infrastructure)…
Arabtec wins AED 366 million project in Egypt by Emaar Misr
DUBAI, UAE: Arabtec Holding PJSC, a leading contractor for social and economic infrastructure, announced that its wholly-owned subsidiary Arabtec Construction has been awarded an AED 366 million (EGP 1,608 million) contract in Greek Village by Emaar Misr for the construction of 42 townhouses, 18 residential buildings and seven bungalows, together with supporting infrastructure and landscaping.…
Arabtec appoints Wail Farsakh as Group Chief Operating Officer
DUBAI: Arabtec Holding PJSC, a leading contractor for social and economic infrastructure, has announced the appointment of Wail Farsakh as Group Chief Operating Officer. Wail has over 33 years’ experience in the UAE starting as a structural engineer, progressing to General Manager of Dutco Balfour Beatty (currently known as DBB Contracting). In this time, Wail…