Arabtec subsidiary secures $259m contract for Emaar project in Dubai

WCN Editorial Team 22 Nov 2017 MIDDLE EAST BUILDINGS

Target Engineering Construction Company, a wholly-owned subsidiary of Arabtec Holding, has bagged a contract worth AED950m ($258.6m) from Emaar Properties for Phase 2 of Forte, a residential development in Downtown Dubai.

Under the second phase, Target will be responsible for the construction of the podium and twin towers with 67 and 46 floors.

Target has already been awarded a contract to build the first phase of the project, which includes the construction of five basements for the two residential towers. Both phases are slated to be completed within 40 months.

Arabtec Holding group CEO Hamish Tyrwhitt said: “The award of Forte Phase 1 & 2 to Target Engineering demonstrates the strength and confidence of the groups’ relationship with Emaar Properties. We look forward to further building the solid relationships we have with our clients in delivering quality projects.”

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