Sunday, July 9, 2017

Arabtec unit wins $79m Dubai projects

Arabtec Holding, a leading UAE-based contractor for social and economic infrastructure, said its wholly-owned subsidiary, Target Engineering Construction Company (Target) has been awarded four projects worth Dh289 million ($79 million).

The scope of projects covers an array of specialisations including Cofferdam Removal & Revetment Construction in Western Region; Award-winning high-rise development in Dubai’s Business Bay; Fabrication & Installation of Duplex/SS Process Tanks in Taweelah Area and EPC Substation Works (Upgradation & Replacement) on Das Island.
Target Engineering CEO Chaouci Yassine said: "Target Engineering over the years has developed a strong experienced workforce, solid financial standing, and evolved into a key player within the region with core capabilities of delivering complex projects in the industrial oil and gas, social infrastructure, marine, and high rise tower market sectors."

"Such awards demonstrate the growth of Target’s expertise and performance in the global market over the past 4 decades. We continue to strive to uphold our market share in EPC and specialist projects," he added.

On the contract win, Group CEO Hamish Tyrwhitt said: "We are pleased to announce the continuous success and efforts within the group. Target, together with the group’s other operating entities, demonstrates our integrated capabilities but also our core strength giving us the ability to pursue a broad range of projects."

"We continue to focus on the UAE as our core market and are optimistic on the outlook of the sector," he added.-TradeArabia News Service

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