Thursday, July 19, 2007

Arabtec awarded the Dh.1billion hotel contract

Arabtec, together with Dubai Contracting Company (DCC) have won a contract, worth Dh.1 billion for working on a hotel on Shaikh Zayed Road in Dubai.

The work includes the main hotel building construction, comprising four basement levels, mezzanine and ground floors and fifty one storeys, Arabtec has revealed.

The contract is worth Dh.1,076 million, but the company who has awarded the work is yet to be disclosed.

Arabtec Holding, Managing Director, Riad Kamal, said "The participation of DCC with Arabtec in this joint venture is due to the successful track record of earlier joint-venture for the construction work of the Fairmont Hotel in Dubai."

Arabtec, established in 1975, employs more than 24,000 people.

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