Arabtec consolidates local growth strategy | Arabtec consolidates local growth strategy -
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Arabtec consolidates local growth strategy

United Arab Emirates: Thursday, February 03 - 2005 @ 14:10

The company has been making headlines lately with its recent projects, including the contract to build Burj Dubai, set to be the tallest building in the world. Arabtec will be working in joint venture with the Samsung Corporation, Korea, and Besix Constructions, Belgium for this project. Work on the project commenced earlier this month and the building is slated to be completed in December 2008.

Other recent noteworthy projects by the company include the 21st Century Tower (the world’s tallest residential building), the Dubai Pearl Movenpick Hotel, the Silicon Oasis, the Arabian Ranches, The Meadows, the Jumeirah Beach Residence, Al Fattan Marine Towers and many more.

Arabtec has also successfully pre-qualified as part of a Consortium for the proposed Dubai Light Railway project. With the anticipated value of the Dubai Light Rail project being set at USD 4 billion, the Consortium – collectively known as Metro One – will bring together some of the biggest names in the industry, including Bombardier (Canada), Odebrecht (Brazil), Guris (Turkey), Ghella Group (Italy) and Parsons (USA).

Says Riad Kamal, Managing Director, Arabtec: “It is a great honor to be working on such a prestigious venture with such an excellent team of international professionals who will bid for the region’s first mass transportation system.

“The Dubai Government initiative is set to be a landmark development that will place the Emirate on an international platform for its state-of-the-art infrastructure and its future vision.”
The Dubai Light Rail project is about 70km rail network that will span the business district of Dubai. A maximum payload of 40-50,000 passengers per hour can travel on the railway network, which is set to open in 2009.

Since its inception in 1975, Arabtec has undertaken a substantial program of construction, including High Rise Developments, Hotel Interiors, Residential Complexes, Office Blocks, Commercial and Industrial Projects, Major Airport Developments, Offshore Oil and Gas Installations and Cinemas and Entertainment Facilities.

The locally-based company has played an important role in the expanding growth of the Emirates and is one of the few companies to have kept pace with the rapid development of the country. Arabtec comprises a large multinational workforce in excess of 18,000 with an array of the latest construction equipment and a highly qualified and professional management team.

In keeping with the company’s commitment to adhere to internationally recognized procedures, Arabtec follows stringent safety guidelines, and takes every precaution to guarantee the well-being of its employees and the protection of the environment.

Quality is paramount to all Arabtec’s project work, with all contracts undergoing a rigorous internal audit in respect of quality control and application. With a certification of ISO 9001:2000, Arabtec constantly strives to keep improving its business performance and relationships.

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Thursday, February 3- 2005 @ 14:10 UAE local time (GMT+4) Replication or redistribution in whole or in part is expressly prohibited without the prior written consent of Mediaquest FZ LLC.

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