Company Lookup
Download Demo

Market News

This Month News

This Month News

send to a friend by email

Arabtec Drops Bid to Build Tower in Saudi Arabia


(Bloomberg) -- Arabtec Construction of Dubai and its South Korean partner Samsung Corp. decided not to bid for a contract to build a 1.1 kilometer (0.68-mile) skyscraper in Saudi Arabia for about $1.5 billion, The National reported, citing Arabtec’s chief executive.  The unit of Arabtec Holding PJSC, the largest builder in the United Arab Emirates, had planned to submit a proposal for Kingdom Tower this month and withdrew for “various reasons associated with the requirements,” Tom Barry said, according to the daily newspaper. “We couldn’t comply, so we decided not to bid.”


Al-Quds Index in the green zone despite the political instability



Sahem Trading & Investments Company - PEX Member and licensed by PCMA
© All Rights Reserved 2013