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14-01-14
Dubai's Arabtec granted USD705 m contract
(MENAFN) Dubai-based builder Arabtec Holding has been awarded a USD705 million contract for Abu Dhabi's Al Reem Island, according to Arabian Business. The project, which includes a five-star hotel and a residential tower, is expected to be completed in three years. The company said that the agreement has added to it more work, pushing its backlog to a record high of over USD8.982 billion.
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