Arabtec unit wins $96 million contracts for Damac extends in Dubai

The agreements, won by Arabtec Construction, are for the development works at two extravagance private towers, Reva Residences and Vera Residences

The agreements, won by Arabtec Construction, are for the development works at two extravagance private towers, Reva Residences and Vera Residences.

Arabtec Holding has reported that an auxiliary has been granted contracts worth a sum of AED353 million ($96.1 million) by Damac Properties.

The agreements, won by Arabtec Construction, are for the development works at two extravagance private towers, Reva Residences and Vera Residences.

The two towers are found adjoining each other in Business Bay and neglect the Dubai Water Canal, the contracting monster said in an announcement.

It included that the tasks involve the development of 125,178 square meters of extravagance condos over the two private towers of 30 stories each.

The agreement works will begin quickly with a development time of 25 months.

Gathering CEO, Hamish Tyrwhitt, stated: “We are enchanted to have been granted another venture by Damac Properties. The on-boarding of rehash business from our customers is demonstration of the quality of our connections and our responsibility to conveying ventures in our center abilities and center markets.”

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