Arabtec Holding, a leading UAE-based contractor for social and economic infrastructure, said its wholly-owned subsidiary, Target Engineering Construction Company (Target) has been awarded four projects worth Dh289 million ($79 million).
The scope of projects covers an array of specialisations including cofferdam removal and revetment construction in Western Region; an award-winning high-rise development in Dubai’s Business Bay; fabrication and installation of duplex stainless steel process tanks in Taweelah area; and engineering, procurement and construction (EPC) for the upgrade and replacement of substations on Das Island.
Target Engineering CEO Chaouci Yassine said: "Target Engineering, over the years, has developed a strong experienced workforce, solid financial standing, and evolved into a key player within the region with core capabilities of delivering complex projects in the industrial oil and gas, social infrastructure, marine, and high-rise tower market sectors."
"Such awards demonstrate the growth of Target’s expertise and performance in the global market over the past four decades. We continue to strive to uphold our market share in EPC and specialist projects," he added.
On the contract win, group CEO Hamish Tyrwhitt said: "We are pleased to announce the continuous success and efforts within the group. Target, together with the group’s other operating entities, demonstrates our integrated capabilities but also our core strength giving us the ability to pursue a broad range of projects."
"We continue to focus on the UAE as our core market and are optimistic on the outlook of the sector," he added.