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LONDON: Arabtec, the UAE construction group, has bagged a pair of contracts worth more than 610 million dirhams ($166 million) that includes work on the Dubai Expo site.
The contractor that helped to build the Burj Khalifa, the world’s tallest tower, said on Wednesday that it had been selected to build public concourses covering 268,000 square meters at the site on the outskirts of Dubai.
“This award demonstrates our commitment to diversifying our business and building upon our social infrastructure capability as a core competency,” said CEO Hamish Tyrwhitt.
After a sharp slowdown that followed the collapse of the oil price in 2014, activity in the Dubai construction industry is starting to pick top once again, helped by a clutch of major contract awards for the Dubai Expo 2020.
Arabtec also revealed details for a second order on Wednesday for the construction of 478 villas for Dubai developer DAMAC.
It said in a filing that it had been awarded the 299 million dirhams contract for work on the Akoya Oxygen project, a vast development that is also home to an 18-hole championship golf course designed by Tiger Woods.
Work is set to start immediately with construction completed within 16 months.