Arabtec
Builders bruised by Dubai real estate market woes
Middle East
December 19, 2018
Builders bruised by Dubai real estate market woes
DUBAI (Reuters) – Dubai’s real estate downturn is forcing construction and engineering firms to cut jobs and halt expansion plans,…
Egypt’s stalled $35 bn housing scheme: big dreams to harsh reality
Egypt
October 8, 2015
Egypt’s stalled $35 bn housing scheme: big dreams to harsh reality
When Abu Dhabi-run contractor Arabtec signed a deal with the Egyptian government for a high-profile housing project it was seen…
Housing minister: No chance for entrusting million-home project to Arabtec
Egypt
September 8, 2015
Housing minister: No chance for entrusting million-home project to Arabtec
Housing Minister Mostafa Madbouly has stressed that there is no chance that the million-home project, adopted 18 months earlier, would…
Million-condo project still being negotiated, UAE developer reiterates
Business
August 20, 2015
Million-condo project still being negotiated, UAE developer reiterates
Emirati real estate giant Arabtec has said that negotiations are still ongoing with the Egyptian government for a one-million-home project,…
Negotiations continue for stumbling, UAE-financed housing megaproject
Egypt
August 5, 2015
Negotiations continue for stumbling, UAE-financed housing megaproject
UAE housing contractor Arabtec has said that negotiations are still underway with the Egyptian government to resolve differences over a…
Dubai’s Arabtec says in talks with banks to fund Egypt project
Business
April 22, 2015
Dubai’s Arabtec says in talks with banks to fund Egypt project
Dubai builder Arabtec said on Wednesday it was in talks with several local and international banks on financing the first…
Arabtec profit on Egypt project won’t exceed 7.5 pct
Egypt
April 4, 2015
Arabtec profit on Egypt project won’t exceed 7.5 pct
Dubai-listed construction firm Arabtec will have a profit margin not exceeding 7.5 percent for its project to build homes in…
Arabtec, Egypt agrees terms on first phase of 1 mn homes project
Egypt
April 2, 2015
Arabtec, Egypt agrees terms on first phase of 1 mn homes project
Dubai-listed Arabtec has agreed terms with Egypt's Ministry of Housing for the first phase of a 280 billion Egyptian pounds…
Govt: Egypt, Arabtec near agreement on US$40 bn housing project
Egypt
March 17, 2015
Govt: Egypt, Arabtec near agreement on US$40 bn housing project
Egypt's housing ministry and Dubai's Arabtec have agreed some of the terms for a US$40 billion project to build one…
Final signing of housing units deal with Arabtec within days
Business
March 15, 2015
Final signing of housing units deal with Arabtec within days
Egypt's Housing Minister Mostafa Madbouli said on Saturday that Emirati construction firm Arabtec Holding has accepted the Egyptian government's conditions on a…