Arabtec Holding PJSC

Arabtec Construction, 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. Arabtec Construction was established in Dubai in 1975 and has completed a number of projects in different construction sectors such as High Rise Developments, Hotels and Hotel Interiors, Office Blocks, Commercial Developments, Industrial Projects, Major Airport Developments, Stadiums, Infrastructure and Drainage works, Offshore Oil and Gas Installations and Residential Complexes.[http://www.arabtecconstruction.com/AboutUs.aspx Arabtec Construction: About Us] {{webarchive |url=https://web.archive.org/web/20090426091052/http://www.arabtecconstruction.com/AboutUs.aspx |date=April 26, 2009 }}{{cite news|url=https://www.reuters.com/article/emirates-arabtec-agm-idUSL5N0D102S20130414|title=Dubai developer Arabtec's shareholders approve capital raise|publisher=Reuters.com|date=2013-04-13|accessdate=2013-04-21|first=Praveen|last=Menon}}

Growth in Dubai was followed by geographical diversification and local and international expansion. Arabtec Construction has associated companies based in Abu Dhabi, Jordan, Pakistan, Qatar, Russia, Saudi Arabia and Syria. Arabtec Construction operates under Arabtec Holding PJSC. The group now consists of 13 subsidiaries, each one providing end-to-end contracting services across the construction value chain.{{Cite web |url=http://www.arabtecholding.com/ |title=Arabtec Holding |access-date=2010-07-13 |archive-date=2021-03-09 |archive-url=https://web.archive.org/web/20210309145341/https://www.arabtecholding.com/ |url-status=dead }}

Arabtec Holding was the first privately held company as well as the first construction company to go public in the UAE. The company was listed on the Dubai Financial Market (DFM)[http://dfm.ae//pages/default.aspx?c=1011&smb=ARTC: DFM] {{webarchive |url=https://web.archive.org/web/20100808121105/http://dfm.ae/ |date=August 8, 2010 }} in 2005 and since the IPO the stock has been one of the most traded in the region. In 2010 Dubai Financial Market awarded Arabtec Holding as the most traded stock from year 2000 to 2010.[http://www3.dfm.ae/pages/default.aspx?c=502&nid=12201 DFM] {{webarchive |url=https://web.archive.org/web/20120308025529/http://www3.dfm.ae/pages/default.aspx?c=502&nid=12201 |date=March 8, 2012 }}

Arabtec on May 14, 2014 signed an sponsorship agreement with Premier League giants Manchester City F.C. to sponsor the football club for 3 years.{{Cite web|last=|first=|date=2014-05-14|title=Arabtec Signs Regional Sponsor Agreement with Man City|url=http://mcfc.co.uk/News/Club-news/2014/May/Arabtec-Signs-Regional-Sponsor-Agreement-with-Man-City|url-status=live|archive-url=https://web.archive.org/web/20160311005831/http://mcfc.co.uk/News/Club-news/2014/May/Arabtec-Signs-Regional-Sponsor-Agreement-with-Man-City|archive-date=2016-03-11|access-date=|website=Manchester City}}

Founded in 1975, Arabtec took advantage of the emerging markets in the UAE during the construction boom of the 1970s. Arabtec Construction started as a construction company specialized in high tech civil engineering and infrastructure works.

During the 1980s Arabtec began an involvement with the oil and gas sectors in Abu Dhabi.{{cite web|url=http://www.taib.com/reports/E01025101106/FRR_ARTC.DU_OCT06.pdf|title=Arabtec Holdings (ARTC.DU)|publisher=taib.com|date=2006-10-02|accessdate=2013-04-21}}

In 2011, Arabtec formed a joint-venture with Raheja Developers of India.[http://www.livemint.com/2011/11/05005625/Raheja-forms-JV-with-Dubai82.html Raheja forms JV with Dubai’s construction firm Arabtec] Raheja Developers awarded construction contracts worth US$204 million to the JV. The company's first project is to construct a 56-story, {{convert|196|m|ft|adj=mid|-high|sp=us}} residential complex, known as Raheja Revanta, in Gurgaon.

In 2013, Arabtec formed a joint-venture with Samsung Engineering of South Korea. They will collaborate to undertake large-scale projects in oil & gas, power and infrastructure in the Middle East and North Africa. Arabtec-Samsung will bid for contracts that range from $3 billion to $10 billion in value.{{cite news|url=https://www.bloomberg.com/news/2013-04-17/arabtec-samsung-engineering-form-joint-venture.html|title=Arabtec and Samsung Engineering Form Joint Venture|author=Zainab Fattah|publisher=Bloomberg.com|date=2013-04-17|accessdate=2013-04-21}}{{cite web|url=http://www.arabnews.com/news/448547|title=Arabtec and Samsung to make joint bid for giant projects|publisher=Arabnews.com|date=2013-04-18|accessdate=2013-04-21}}

In August 2012, Arabtec won AED11 billion contract to build the new airport in Abu Dhabi (Midfield Terminal Building) in JV with Turkish TAV and CCC (TCA-JV).{{Cite web|last=|first=|date=2012-05-07|title=Arabtec-TAV-CCC wins Midfield Terminal contract|url=https://www.constructionweekonline.com/article-16778-arabtec-tav-ccc-wins-midfield-terminal-contract|access-date=2020-10-10|website=Construction Week Online Middle East|language=en}}

In 2015, Arabtec posted a loss of $626 million.{{Cite web|title=Dubai's Arabtec reports $626m loss for 2015|url=https://www.arabianbusiness.com/dubai-s-arabtec-reports-626m-loss-for-2015-622280.html|access-date=2020-10-10|website=ArabianBusiness.com|language=en}}

In 2016, Arabtec won the US$1.1 billion contract to build a new terminal at Bahrain International Airport under the name of Bahrain International Airport Modernization Program having a Joint Venture with a Turkish Company called TAV Construction; together the company is referred as ATJV in Bahrain.{{Cite web|date=2016-01-25|title=TAV Construction and Arabtec win contract for new Bahrain terminal|url=https://www.moodiedavittreport.com/tav-construction-and-arabtec-win-contract-for-new-bahrain-terminal/|access-date=2020-10-10|website=The Moodie Davitt Report|language=en-GB}}

Arabtec Holding shareholders authorised the board to file for liquidation due to its undefendable financial position following the bad economic condition due to the coronavirus pandemic.{{Cite web|last=|first=|date=|title=NASDAQ|url=https://www.nasdaq.com/articles/arabtec-shareholders-vote-to-liquidate-the-dubai-construction-firm-email-2020-09-30|access-date=|website=}}{{Cite web|agency=REUTERS|date=2020-10-07|title=Burj Khalifa builder Arabtec's liquidation shakes foundations of Gulf construction business|url=https://www.dailysabah.com/business/economy/burj-khalifa-builder-arabtecs-liquidation-shakes-foundations-of-gulf-construction-business|access-date=2020-10-10|website=Daily Sabah|language=en}}{{Cite web|title=Arabtec shareholders authorise board to wind up firm: Report|url=https://www.aljazeera.com/economy/2020/10/1/arabtec-shareholders-authorise-board-to-wind-up-firm-report|access-date=2020-10-10|website=aljazeera.com|language=en}}{{Cite news|date=2020-10-01|title=Burj Khalifa Builder Arabtec Set To Fall Into Liquidation|language=en|work=Bloomberg.com|url=https://www.bloomberg.com/news/articles/2020-10-01/uae-construction-firm-arabtec-s-holders-vote-to-dissolve-company|access-date=2020-10-10}}

On October 25, 2022 Dubai court declared Arabtec and all its subsidiaries bankrupt and approved liquidation of its assets {{Cite web |title=Dubai Court declares Arabtec bankrupt, approves liquidation of its assets |url=https://gulfnews.com/business/markets/dubai-court-declares-arabtec-bankrupt-approves-liquidation-of-its-assets-1.91479854 |access-date=2022-10-27 |website=gulfnews.com |language=en}}

In 2016, Arabtec was awarded a 5 star rating Taqdeer Award.{{Cite web|url=http://gulfnews.com/news/uae/society/taqdeer-awards-construction-companies-for-their-best-labour-practices-1.1928700|title = Taqdeer awards construction companies for their best labour practices}} The Taqdeer Award, launched by Shaikh Hamdan Bin Mohammad Bin Rashid Al Maktoum, Crown Prince of Dubai is the first of its kind in the world that seeks to recognise companies for their labour policies and efforts, so as to inspire them to further improve their labour practices. Arabtec was evaluated based on factors considered for the ratings, which include labour policies, facilities and infrastructure, health and safety, labour security, recruitment and wages, justice and transparency, labour relations and other indicators.{{Cite web|title=Taqdeer awards construction companies for their best labour practices|url=https://gulfnews.com/going-out/society/taqdeer-awards-construction-companies-for-their-best-labour-practices-1.1928700|access-date=2020-10-10|website=gulfnews.com|language=en}}

In a 2009 BBC Panorama program, Arabtec was exposed as treating their migrant workers inhumanely. The program showed how Arabtec failed to provide its workers with basic amenities to live with conditions deteriorating rapidly across the camp.{{cite news| url=http://news.bbc.co.uk/1/hi/magazine/7985361.stm | work=BBC News | title=Dark side of the Dubai dream | date=2009-04-06}}

Armed with secret cameras, BBC reporters sneaked into the camp to be met with the smell of raw sewage. Sewage had leaked out all over the camp, and workers had to create a network of stepping stones to cross it and get back to their accommodation blocks.

Documents which had been obtained by the BBC clearly show that a month previous to the television crews' visit, the Dubai municipality described the sewage situation at the site as critical. Arabtec had also been fined 10,000 AED, which is approximately £2,000, for neglecting hygiene standards and allowing sewage to overflow into accommodation used by workers.

Arabtec said it did not accept that there were unsanitary conditions at any of its camps' toilets. It blamed the workers, saying, despite training, their "standards of cleanliness and hygiene are not up to your or our standards".

• Arabtec Holding PJSC, Dubai, UAE – Holding company – Management of subsidiaries
• Austrian Arabian Ready Mix, Dubai, UAE – Manufacture and transportation of ready mix concrete products{{Cite web |url=http://www.aacdxb.ae/ |title=Austrian Arabian Ready Mix |access-date=2010-07-13 |archive-date=2021-04-11 |archive-url=https://web.archive.org/web/20210411010218/http://www.aacdxb.ae/ |url-status=dead }}
• House of Equipment Co. L.L.C, Dubai, UAE – Trading and leasing of construction equipment.{{Cite web |url=http://www.hoeuae.ae/ |title=House of Equipment |access-date=2010-07-13 |archive-date=2018-11-23 |archive-url=https://web.archive.org/web/20181123094656/http://www.hoeuae.ae/ |url-status=dead }}
• Arabtec Construction Qatar L.L.C, Doha, Qatar – Civil construction and related works{{cite web|url=http://www.arabianbusiness.com/companies/arabtec-construction-qatar-67590.html|title=Arabtec Construction - Qatar|publisher=arabianbusiness.com|accessdate=2013-04-21}}
• Arabtec Precast L.L.C, Dubai, UAE – Manufacture of precast panels{{cite web|url=http://www.zawya.com/company/profile/1006623/|title=Arabtec Precast (APL)|publisher=zawya.com|accessdate=2013-04-21}}
• Nasser Bin Khaled Factory Ready Mix Concrete Co. L.C.C, Doha, Qatar – Manufacture and transportation of ready mix concrete product.{{cite web|url=http://investing.businessweek.com/research/stocks/private/snapshot.asp?privcapId=62416472|archive-url=https://archive.today/20130628201129/http://investing.businessweek.com/research/stocks/private/snapshot.asp?privcapId=62416472|url-status=dead|archive-date=June 28, 2013|title=Company Overview of Nasser Bin Khaled Factory Ready Mix Concrete Co. LLC|publisher=businessweek.com|accessdate=2013-04-21}}
• Emirates Falcon Electromechanical Co. (EFECO) L.L.C, Dubai, UAE – Electrical mechanical and plumbing contracts{{Cite web |url=http://www.arabtecconstruction.com/efeco/home.aspx |title=EFECO |access-date=2010-07-13 |archive-url=https://archive.today/20130117054811/http://www.arabtecconstruction.com/efeco/home.aspx |archive-date=2013-01-17 |url-status=dead }}
• Arabtec Construction (India) Private Limited, Gurgaon, India - JV with Raheja Developers for residential complex construction works{{Cite web |url=http://www.arabtecindia.com/ |title=Arabtec India |access-date=2012-08-17 |archive-url=https://web.archive.org/web/20130331025132/http://www.arabtecindia.com/ |archive-date=2013-03-31 |url-status=dead }}
• Arabtec Engineering Services L.L.C, Dubai, UAE – Infrastructure construction works{{cite web|url=http://investing.businessweek.com/research/stocks/private/snapshot.asp?privcapId=224011930|archive-url=https://archive.today/20130628203802/http://investing.businessweek.com/research/stocks/private/snapshot.asp?privcapId=224011930|url-status=dead|archive-date=June 28, 2013|title=Company Overview of Arabtec Engineering Services Llc|publisher=Businessweek.com|accessdate=2013-04-21}}
• Arabtec Construction Syria L.L.C, Syria – Civil construction and related works{{cite web|url=http://investing.businessweek.com/research/stocks/private/snapshot.asp?privcapId=100544728|archive-url=https://archive.today/20130628214327/http://investing.businessweek.com/research/stocks/private/snapshot.asp?privcapId=100544728|url-status=dead|archive-date=June 28, 2013|title=Company Overview of Arabtec Construction Syria Llc|publisher=businessweek.com|accessdate=2013-04-21}}
• Arabtec Pakistan Limited, Pakistan – Civil construction and related works{{cite web|url=http://www.pakistanbusinessjournal.com/b2b-directory/arabtec-pakistan-pvt-ltd_51481.html|title=Arabtec Pakistan (pvt) Ltd.|publisher=Pakistanbusinessjournal.com|accessdate=2013-04-21}}
• Target Engineering Construction Company, Abu Dhabi, UAE – Civil construction and related works[http://www.target.ae/ Target Engineering Construction Company]
• Gulf Steel Industries FZC, Sharjah, UAE – Fabrication of steel structures and profiles.[http://www.gsifz.ae/ Gulf Steel Industries] {{webarchive |url=https://web.archive.org/web/20100808013345/http://www.gsifz.ae/ |date=August 8, 2010 }}
• Arabtec Saudi Arabia L.L.C, Saudi Arabia – Civil Construction and related works
• Polypod Middle East L.L.C, Abu Dhabi, UAE – Manufacture of bathroom, kitchen and hot press pods{{Cite web |url=http://polypod.ae/ |title=Polypod Middle East |access-date=2010-07-13 |archive-url=https://web.archive.org/web/20110706064857/http://polypod.ae/ |archive-date=2011-07-06 |url-status=dead }}
• Arabtec Egypt L.L.C, Cairo, Egypt - Egyptian construction and infrastructure markets with focus on residential, infrastructure and commercial projects.{{cite web|url=http://www.arabianbusiness.com/arabtec-egypt-nets-amer-group-contract-valued-at-53-1m-356907.html|title=Arabtec Egypt Nets Amer Group Contract|publisher=arabianbusiness.com|date=2013-04-21|accessdate=2013-04-21}}
• Arabtec-Samsung Engineering, Dubai, UAE – Energy and power-related projects in North Africa and the Middle East{{cite news| title=Dubai builder Arabtec launches venture with Samsung Engineering| author=Dinesh Nair| publisher=Reuters| url=https://www.reuters.com/article/us-emirates-arabtec-samsung-idUSBRE98N04I20130924| date=24 September 2013}}
• Arabtec Raheja, Delhi-NCR, India – Civil Construction and related works{{cite web|title=Raheja Developers in JV to build tallest towers in NCR|url=http://indiatoday.intoday.in/story/raheja-developers-arabtec-construction-tallest-building-ncr/1/158810.html|publisher=India Today|accessdate=14 March 2015|date=5 November 2011}}

Arabtec is one of the largest contractors for civil and infrastructure works, having executed several notable projects such as the Burj Khalifa, completed in January 2010 the tower is the tallest in the world standing 828 metres above ground.

Major projects executed or under progress —

• High Rise Developments e.g. Burj Khalifa, tallest structure in the world, Infinity Tower, Lakhta Center, Karachi Financial Towers, Ocean Heights, 21st Century Tower{{citation needed|date=March 2012}}
• Hotels e.g. Emirates Palace Hotel, Aloft Hotel, Fairmont Hotel, The Address Downtown Dubai Hotel{{citation needed|date=March 2012}}
• Hotel Interiors e.g. Burj Al Arab, Jumeirah Beach Hotel and Ritz Carlton{{citation needed|date=March 2012}}
• Commercial e.g. Dubai Maritime City, Dubai International Financial Center Gate Village, Exhibition Centre for ADNEC{{citation needed|date=March 2012}}
• Oil and Gas e.g. Mubarraz Island, Gas Processing Plant{{citation needed|date=March 2012}}
• Major Airport Developments e.g. Dubai Airport and Dubai World Central International Airport{{citation needed|date=March 2012}}
• Stadiums e.g. Ghantoot Grandstand and Dubai Sports City Stadiums{{citation needed|date=March 2012}}
• Residential Complexes e.g. Emirates Hills, Arabian Ranches, Raheja Revanta (Gurgaon, India) and Jumeirah Beach Residences
• Mixed Use Developments e.g. Al Waab City{{citation needed|date=March 2012}}
• Industrial and Marine Projects e.g. Abu Dhabi Ship Building Facility, Mubarraz Island oil processing plant{{citation needed|date=March 2012}}
• Educational Developments e.g. Princess Nora bint Abdul Rahman University, Saudi Arabia{{citation needed|date=March 2012}}
• Oil, Gas, and Power e.g. Middle East and North Africa; Joint venture with Samsung Engineering.

Arabtec Construction has announced plans to expand into the emerging markets of the Middle East and North Africa (MENA region). Plans are set to enter Algeria, Angola, Azerbaijan, Libya, and Turkmenistan.{{citation needed|date=March 2012}}

Arabtec was in 2009 ranked as the 104th largest Global Contractor, based on the total firm contracting revenue, according to the Engineering News Record.{{Cite web |url=http://www.cmcra.com/img/articoli/536/ENR-09-TIC.pdf |title=Pagina non trovata - CMC - Cooperativa Muratori Cementisti Ravenna |access-date=2010-07-13 |archive-url=https://web.archive.org/web/20110708165859/http://www.cmcra.com/img/articoli/536/ENR-09-TIC.pdf |archive-date=2011-07-08 |url-status=dead }}

Company awards

• World Finance Company of the Decade 2000-2010, World Finance Magazine March–April 2011, (2011){{cite web |url=http://www.arabtecholding.com/CertificateDetails.aspx?id=13 |title=Arabtec Holding PJSC |website=www.arabtecholding.com |access-date=26 January 2022 |archive-url=https://archive.today/20120721175132/http://www.arabtecholding.com/CertificateDetails.aspx?id=13 |archive-date=21 July 2012 |url-status=dead}}
• Mohammed Bin Rashid Al Maktoum (MRM) Business Award 2008, Construction Category, (2008)[http://www.ameinfo.com/149052.html AME Info] {{webarchive |url=https://web.archive.org/web/20110607200658/http://www.ameinfo.com/149052.html |date=June 7, 2011 }}
• Company of the Year, Arabian Business Awards, (2007)[http://www.zawya.com/story.cfm/sidZAWYA20071217113542/Arabtec%20won%20%22The%20Company%20of%20the%20Year%22%20Award%20for%202007 Zawya]

Project awards

• The Address, Downtown Dubai - New Hotel 2008 at the World Hotel Award, (2008)[http://www.emaar.com/index.aspx?page=press-release-details&id=809 Press Release Emaar]
• Infinity Towers - Six World Class Design Awards, Cayan Investment Development[http://www.estatesdubai.com/2009/06/cayans-infinity-tower-at-dubai-marina.html Estates Dubai]
• Sanctuary Falls, 96 Villas - Best Golf Development, CNBC, Arabian Property Award, (2007)[http://www.ameinfo.com/177527.html AME info] {{webarchive |url=https://web.archive.org/web/20110607200720/http://www.ameinfo.com/177527.html |date=June 7, 2011 }}
• Le Reve - Best Luxury Development in the world Gold Awards, Home Overseas Magazine Awards, UK, (2006)[http://www.abudhabiluxuryhomes.com/about/awards.php Dubai Luxuary Homes] {{webarchive |url=https://web.archive.org/web/20101004162316/http://www.abudhabiluxuryhomes.com/about/awards.php |date=October 4, 2010 }}
• Le Reve - Best Use of Technology, Home Overseas Magazine Awards, UK, (2006)
• Emirates Hills - Gold Award, Home Overseas Magazine Awards, UK, (2005)

{{Reflist}}

Category:Construction and civil engineering companies of the United Arab Emirates

Category:Construction and civil engineering companies established in 1975

Category:Emirati companies established in 1975