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Arabtec unit -Target- wins contracts worth AED835m

2010-03-29

A subsidiary of Arabtec Holding has won contracts worth AED835m ($227m) in Abu Dhabi, the parent company announced on Monday. Target Engineering Construction Company has been awared two projects in the UAE capital, Arabtec said in a statement posted on the website of the Dubai Financial Market .The first project awarded by Takreer is a 28-month contract to execute a sea water intake project along with associated pumping facilities, worth AED358m. The second award by Petrofac-GS, a joint venture, involves work for the Ruwais 4 natural liquefied gas train project in Abu Dhabi and is a 20-month contract worth AED477m.