Arabtec says restructuring won't compromise projects | Arabtec says restructuring won't compromise projects -

Arabtec says restructuring won’t compromise projects

: Thursday, June 26 - 2014 @ 00:10

Arabtec chairman, Khadem Abdulla al-Qubaisi has said the restructuring of the major Dubai construction firm will not damage its ability to proceed with its expansion plans, Reuters has reported. On Tuesday, Arabtec said it had laid off a “limited number” of staff, who sources said included executives hired by former CEO, Hasan Ismaik. “We have implemented a limited restructuring process, aimed at controlling resources, without compromising the needs of projects in progress and the established expansionist plans,” said al-Qubaisi.

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Thursday, June 26- 2014 @ 0:10 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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