Dubai-based contractor, Arabtec Holding, announced a net profit of AED75mn and a 3.2% revenue growth for the nine months ending September 2017.
Arabtec subsidiary, Target Engineering Construction Company, has been awarded an AED196mn contract by Emaar Properties for Phase I of Forte.
Arabtec reported a net profit of AED42mn in the first six months of 2017, as compared to a net loss of AED243mn in the same period in 2016.
Target Engineering Construction Company, a wholly-owned subsidiary of Arabtec Holding, has been awarded four projects amounting to AED289mn.
Arabtec Construction bagged the AED353mn contract from Abu Dhabi National Media Council to build the UAE Pavilion at Expo 2020.