Arabtec's Subsidiary TARGET awarded AED 950m Forte Phase 2 contract

21/11/2017 09:43 AST

Arabtec Holding, a leading contractor for social and economic infrastructure, today announced that its wholly owned subsidiary, Target Engineering Construction Company ('Target') has been awarded Phase 2 of Forte, a residential development in Downtown Dubai by Emaar for AED 950 million.

The contract scope includes the construction of the podium and twin towers of 67 and 46 floors, which is in addition to Phase 1, that was previously awarded to Target for the construction of 5 basements for the 2 residential towers. The duration of Phase 1 and 2 will be 40 months.

Group Chief Executive Officer, Mr. Hamish Tyrwhitt comments: "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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