Dubai contractor Arabtec wins Dhs169m Expo 2020 contract - Gulf Business
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Dubai contractor Arabtec wins Dhs169m Expo 2020 contract

Dubai contractor Arabtec wins Dhs169m Expo 2020 contract

The latest contract marks Arabtec’s third award from Dubai Expo 2020

Dubai contractor Arabtec’s subsidiary has been awarded a Dhs169m contract from Expo 2020, the company announced in a bourse statement on Thursday.

Arabtec Construction has won the contract to build the public realm space in the C38 District.

The C38 District is located within the Expo 2020 development directly adjacent to the Al Wasl Plaza.

The project consists of the construction of 29,000 square metres of public spaces including a 5,000 square metre iconic water feature, restaurants
and utilities together with associated soft and hard landscaping and water feature elements, a bourse statement said.

The contract works will commence immediately with a duration of 13 months.

Arabtec’s group CEO Hamish Tyrwhitt said: “We are very pleased to be awarded our third major project as part of the Expo masterplan. This award
further demonstrates our core competency in the infrastructure sector.”

Also read: Dubai contractor Arabtec says refinancing process underway

In October last year, Arabtec Construction won a Dhs311m ($84.6m) contract from Expo Dubai 2020 to construct the public realm in concourses and arrivals plazas.

The project, slated for completion in the last quarter of 2019, comprises the construction of 268,000 square metres of concourses including public entrance plazas, landscaping, lighting water features, irrigation, landscape structures and furniture.

Read: Dubai’s Arabtec unit wins Dhs610m worth of contracts from Expo 2020, Damac

In 2017, Arabtec Construction also won a Dhs353m contract to build the UAE pavilion at the Expo 2020 site.

The UAE pavilion for Expo 2020 is located opposite to the Al Wasl Plaza in the centre of the 4.38 square kilometre exhibition area.

It is set on an area of 15,000 square metres, with a built up area 19,200 sqm and has been designed by Spanish architect Santiago Calatrava.

The project is scheduled for delivery in the last quarter of 2019.

Read: Construction contract worth Dhs353m awarded for UAE pavilion at Expo 2020

Dubai-listed Arabtec has been seeing a spike in new contracts in recent months and has also won awards from Damac and Dubai Properties.


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