A consortium of Arabtec Holding that includes Greek and Turkish firms won a US$ 2.9 billion contract from Abu Dhabi to build a mid-field terminal at the emirate’s airport. The contract was signed with the group that includes Turkey’s TAV Insaat, Athens-based Consolidated Contractors Co and Dubai’s Arabtec. Construction of the complex will begin in the third quarter of 2012 and is expected to be concluded in 2017.
The project will include two key phases: a four-year construction phase, followed by the Operational Readiness Assessment phase (ORAT), where during a nine-month period tests of all aspects of the terminal will take place to ensure operational and efficiency readiness from the first day of operation.
Established in 1975, Arabtec is a holding company with activities in civil and electromechanical contracting for buildings and infrastructure projects; onshore and offshore contracting for the oil and gas industry; marine engineering; manufacturing of ready mix concrete; structural steel and duct fabrication; trading and leasing of construction machinery and equipment; assembly of bathroom and kitchens pods; engineering consultancy, maintenance, landscape and architectural services.
The Mena Weekly Monitor – Bank Audi