TAV, CCC, Arabtec ink contract with ADAC for AED10.8 billon
Guest Writers are not employed, compensated or governed by TD, opinions and statements are from the specific writer directly
The JV of TAV Construction (TAV), Consol
idated Contractors International Co (CCC) and Arabtec Construction LLC (Arabtec), an equal partnership, has signed a contract with Abu Dhabi Airports Company (ADAC) to carry out the works on the Midfield Terminal Building (MTB) which will include structural, civil, electro-mechanical engineering works, finishes and site works for MTB in Abu Dhabi, the UAE, for AED10.8 billion in total, with Arabtec’s share being AED3.6 billion. The project’s duration is 49 months following the commencement date.
The terminal building is one of the key strategic infrastructure projects to be undertaken in Abu Dhabi, and will initially handle 30 million passengers per year. It is also set to become the future home of Etihad Airways.
Arabtec is currently involved in Dubai Airport Terminal Two Expansion and the new Jeddah Airport Main Terminal Building. Although the company has expanded in the region and presently has a backlog of over AED17 billion, the UAE market is still an important market with a backlog valued at AED8.5 billion, followed by Saudi Arabia with a backlog of AED5.6 billion, being the second largest market. The GCC region is active again and we are hopeful that our business strategy will result in further awards soon”.
