Dubai’s Arabtec Forms New South Korean Joint Venture

The partnership will pursue and perform large scale infrastructure projects like metro, railway, bridge, port and tunnel projects.



Dubai builder Arabtec on Monday said that it has entered into a joint venture with South Korea’s GS Engineering & Construction to pursue heavy infrastructure and construction projects in the Middle East and North Africa.

Arabtec, which is expanding aggressively, launched a joint venture with another South Korean firm Samsung Engineering Co in September that would focus on large energy and power-related projects in the region.

The new venture, called Arabtec-GS Infrastructure, will be headquartered in Abu Dhabi, the Dubai contractor said in a statement on Dubai’s bourse.

The partnership will pursue and perform large scale infrastructure projects like metro, railway, bridge, port and tunnel projects, the statement added.

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