Arabtec subsidiary bags four projects worth AED289mn
Target Engineering Construction Company, a wholly-owned subsidiary of Arabtec Holding, has been awarded four projects amounting to AED289mn.
The scope of projects cover an array of specialisations, which include cofferdam removal and revetment construction in Western Region; award-winning high-rise development in Dubais Business Bay; fabrication and installation of duplex/SS process tanks in Taweelah Area; and EPC substation works (upgradation and replacement) on Das Island.
Target Engineering chief executive officer, Chaouci Yassine, said: Target Engineering over the years has developed a strong experienced workforce, solid financial standing, and evolved into a key player within the region with core capabilities of delivering complex projects in the industrial oil and gas, social infrastructure, marine, and high-rise tower market sectors. Such awards demonstrate the growth of Targets expertise and performance in the global market over the past four decades. We continue to strive to uphold our market share in EPC and specialist projects.
Group chief executive officer, Hamish Tyrwhitt, commented: We are pleased to announce the continuous success and efforts within the Group. Target, together with the groups other operating entities, demonstrates our integrated capabilities but also our core strength giving us the ability to pursue a broad range of projects. We continue to focus on the UAE as our core market and are optimistic about the outlook for the sector.