 | |
| Company type | Public company |
|---|---|
| Industry | Construction |
| Founded | 1975 |
| Founder | Riad Burhan Kamal |
| Defunct | October 25, 2022 |
| Fate | Bankrupted |
| Headquarters | Shaikh Zayed Road Al Quoz St.04, Dubai. , |
| Services | Residential Developments, Commercial developments, Hotels, Infrastructure, High Rise Development, Super High Rise Development On - and Offshore Oil and Gas and Industrial Projects |
| Revenue | 5.66 billion AED (2012)[1] |
| 139.2 million AED (2012)[1] | |
| Total assets |  12.59 billion AED (2012)[1] |
Number of employees | 42,000 |
| Parent | Mubadala |
| Website | arabtecholding |
Arabtec Holding PJSC, Dubai's most heavily traded and largest construction group in GCC together with its subsidiaries, provided construction services for residential, commercial, oil and gas, infrastructure, power, facilities management, and property development sectors in the United Arab Emirates and internationally. It operated through Construction; Mechanical, Electrical and Plumbing; Oil & Gas, Infrastructure and Power; and other segments. The company was involved in the construction of high-rise towers, buildings, and residential villas, as well as drainage, electrical, mechanical, and plumbing contracting, and civil and infrastructure construction works. It also engaged in real estate investment, development, leasing, and management activities. In addition, the company manufactured precast panels and steel structures, as well as ready-mixed concrete
Arabtec had executed a number of high-profile construction projects, including the Burj Khalifa (the tallest building in the world), the fit out of Burj Al Arab (fourth tallest hotel in the world that was constructed by Al Habtoor Engineering Enterprises in partnership with Murray & Roberts), Louvre Museum in Abu Dhabi, Terminal 1 of Dubai International Airport and the passenger terminal of Dubai World Central International Airport (now Al Maktoum International Airport).[2][3]
Arabtec had business agreements with a number of major construction conglomerates across the world, including the Saudi Binladin Group.
On September 30, 2020, Arabtec filed for liquidation due to its untenable financial position following the fallout from the coronavirus pandemic.[4] On October 25, 2022 a Dubai court declared Arabtec and its subsidiaries bankrupt and approved liquidation of its assets.[5]
- ^ a b c "Arabtec Holding Co (ARTC:DFM)". businessweek.com. Archived from the original on 2013-06-28. Retrieved 2013-04-21.
- ^ Completed projects Archived May 13, 2012, at the Wayback Machine
- ^ "Who Are the Biggest Losers of Arabtec's Liquidation?". Al Bawaba. Retrieved 2020-10-11.
- ^ Al Sayegh, Hadeel (2020-09-30). "Arabtec shareholders vote to liquidate the Dubai construction firm - email". Nasdaq. Retrieved 30 September 2020.
- ^ Cite error: The named reference
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