Arabtec

Builders bruised by Dubai real estate market woes
Middle East

Builders bruised by Dubai real estate market woes

DUBAI (Reuters) – Dubai‚Äôs 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

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

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

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

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

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

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

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

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

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…
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