5. Arabtec Holding’s Target lands contracts worth $78.7m in UAE

Target Engineering Construction Company, a wholly owned subsidiary of Arabtec Holding, has won four contracts worth a combined $78.7m (AED289m) in the UAE.

Three of the projects are located in the Emirate of Abu Dhabi, and one is situated in Dubai’s Business Bay area.

Target’s Abu Dhabi contract awards include a cofferdam removal and revetment construction project in the Western Region; the fabrication and installation of duplex stainless steel process tanks in Taweelah; and engineering, procurement, and construction (EPC) works for the upgradation and replacement of a substation on Das Island.

The Business Bay deal relates to an “award-winning high-rise development”, according to a missive issued by Arabtec Holding to Dubai Financial Market (DFM).

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