Wednesday, March 11, 2009

UAE's Arabtec Expansion Targets Five Egyptian Projects

Dubai's Arabtec targets five Egypt projects
Reuters India - Mumbai, India
BDUBAI, March 10 (Reuters) - The United Arab Emirates' largest contractor by market value Arabtec ARTC.DU is targeting five projects in Egypt as it looks to expand in the region amid a real estate slump in its home market. "We have the strategy to move into these countries if projects become available to us," Arabtec Construction's chief executive Thomas Barry told Reuters on Tuesday. ...

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