Arabtec Holding PJSC has announced that its wholly-owned subsidiary, Arabtec Construction has been awarded a €230m (AED 1.025bn) contract from Dubai Properties for Villanova Amaranta and La Quinta Phases.
The project involves the construction works for a residential community that includes villas and townhouses. EFECO (Emirates Falcon Electromechanical Co.), another wholly owned subsidiary of Arabtec Holding, will be carrying out the MEP works for the project.
Villanova is located off Emirates Road, between Al Ain Road and Al Qudra Road 10 minutes from Business Bay. The project works are expected to begin immediately with an overall duration of 28 months.
Group Chief Executive Officer, Mr. Hamish Tyrwhitt comments: “We look forward to working on the Villanova Project and to developing our relationship with Dubai Properties. This contract reflects the Group’s ability to deliver projects tailored to our client’s requirements. We continue to onboard new projects through the 4- Gate Work Winning Process, which is designed to selectively win work that has the ability to deliver successful outcomes which will continue to support the Group to capitalise on the positive long-term outlook for the construction and engineering sector in our core geographic markets.”