Bloomberg News

Arabtec JV Wins 750 Million Dirhams Property Contract in India

October 06, 2011

Oct. 6 (Bloomberg) -- Arabtec Holding Co., the United Arab Emirates’ biggest construction company, said its joint venture in India won a contract valued at about 750 million dirhams.

The Arabtec Construction Llc-Raheja venture received a letter of intent from Raheja Developers Ltd. to build three mixed-use projects in New Delhi and Gurgaon, India, the company said in a statement to the Dubai bourse today. The project is expected to be completed over two years, it said.

To contact the editor responsible for this story: Shaji Mathew at shajimathew@bloomberg.net


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