Arabtec Holding PJSC Overview and Business Operations

Arabtec Holding PJSC is a leading construction company in the Middle East and North Africa.

Founded in 1975, Arabtec has grown into a major player in the region's construction industry.

The company is headquartered in Dubai, UAE, and has a strong presence in countries such as Abu Dhabi, Qatar, and Egypt.

Arabtec's business operations are focused on delivering large-scale construction projects, including residential, commercial, and infrastructure developments.

Arabtec Holding PJSC has a strong financial foundation, with a market capitalization of AED 13.4 billion as of 2022.

The company's revenue for 2020 was AED 4.4 billion, a significant increase from AED 3.4 billion in 2019.

Arabtec Holding PJSC has a diverse portfolio of projects, including residential, commercial, and industrial developments.

The company has a team of experienced professionals who provide excellent project management and construction services.

Arabtec Holding PJSC has a strong presence in the UAE, with offices in Dubai and Abu Dhabi.

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Arabtec has faced controversy and issues with its treatment of migrant workers.

The company was exposed in a 2009 BBC Panorama program for its inhumane treatment of workers.

In the program, it was shown that workers were living in unsanitary conditions, with raw sewage leaking out of the camp and workers having to create stepping stones to cross it.

Arabtec was fined 10,000 AED (£2,000) for neglecting hygiene standards and allowing sewage to overflow into accommodation used by workers.

The company blamed the workers for the unsanitary conditions, stating that their standards of cleanliness and hygiene were not up to par.

The court ruling against Arabtec Holding Company has sparked controversy and issues surrounding the company's management and financial dealings.

The court has stripped the company's directors and board members of their management powers, effectively removing them from decision-making roles.

The bankruptcy trustee has been tasked with listing the inventory of Arabtec companies, including their funds and market value of assets.

The court has also appointed two trustees, Ibrahim Abdul Malik and Dr Ali Rashid Sultan Al Kitoob, to oversee the liquidation process.

The bankruptcy trustee will form at least three creditors' committees, each with a representative to discuss auction, sale, and liquidation procedures.

The court's ruling requires the directors and board members to hand over the company's funds and documents to the bankruptcy trustees within five days.

The directors and board members are also obligated to provide detailed statements of all receivables and supporting documents.

In 2009, Arabtec was exposed for treating migrant workers inhumanely on a BBC Panorama program.

The program showed how workers had to create stepping stones to cross a sewage-infested camp, with raw sewage leaking out everywhere.

A month before the visit, the Dubai municipality described the sewage situation as critical, and Arabtec had been fined 10,000 AED for neglecting hygiene standards.

Arabtec claimed that the workers were to blame, saying their standards of cleanliness and hygiene were not up to par.

Arabtec Holding PJSC has a well-structured organizational setup. The company is led by a Board of Directors, which oversees the overall strategy and direction of the business.

The Board of Directors is comprised of experienced professionals with diverse backgrounds and expertise. They bring a wealth of knowledge and insight to the table, helping guide the company's growth and development.

Arabtec Holding PJSC has a strong leadership team in place, with a clear chain of command and defined roles and responsibilities.

The Executive Committee of Arabtec Holding is a key part of the company's organizational structure. It consists of three members: Najeh Awad, Antoine Abi Rached, and David Doyle.

Najeh Awad serves as the Director of Finance/CFO, a position he has held since April 19, 2020. His role is crucial in overseeing the company's financial operations.

Antoine Abi Rached is the General Counsel, but we don't have information on when he joined the company. His expertise in legal matters is undoubtedly valuable to the Executive Committee.

David Doyle is a Corporate Officer/Principal, a position he has held since May 22, 2013. His experience and skills are likely to be beneficial in making key decisions for the company.

Here is a brief overview of the Executive Committee members:

Arabtec Holding PJSC is the parent company that oversees the management of its subsidiaries, ensuring a cohesive and efficient operation across the group.

The company has a diverse portfolio of subsidiaries, each with its own unique focus. For instance, Arabtec Construction Qatar L.L.C is involved in civil construction and related works in Qatar.

Arabtec Holding PJSC also has a significant presence in the UAE, with subsidiaries such as Arabtec Construction (India) Private Limited, which is a joint venture with Raheja Developers for residential complex construction works.

Arabtec Holding PJSC has a strong presence in the Middle East and North Africa region, with subsidiaries such as Arabtec Construction Syria L.L.C and Arabtec Raheja, Delhi-NCR, India.

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Here are some of the key subsidiaries under Arabtec Holding PJSC's umbrella:

Arabtec Holding PJSC has a diverse portfolio of projects that include high-rise developments, hotels, residential complexes, and more. One of their most notable projects is the Burj Khalifa, the tallest structure in the world, which was completed in January 2010.

Arabtec's expertise in the real estate sector spans many years, with a strong track record of delivering projects on time and within budget. They have executed numerous notable projects, including the Burj Khalifa, Infinity Tower, and Lakhta Center.

Some of Arabtec's notable projects include:

Arabtec's commitment to quality, sustainability, and customer satisfaction makes them a reliable choice in real estate development.

Arabtec Holding PJSC offers a wide range of services that cater to various needs of their clients.

Arabtec is one of the largest contractors for civil and infrastructure works, having executed several notable projects such as the Burj Khalifa, the tallest structure in the world.

Their services include:

Arabtec prioritises using the best quality materials and modern construction techniques, facilitating its commitment to maintaining the highest construction quality standards.

Their expertise helps them to undertake complex and diverse projects with confidence, and they thoroughly recognise market trends, construction technologies, and best practices.

Arabtec provides comprehensive solutions for real estate development, from conceptualisation and design to construction and property management.

Their integrated approach ensures a trouble-free and smooth experience for all their clients.

Arabtec Construction is expanding its reach into the emerging markets of the Middle East and North Africa. They're planning to enter Algeria, Angola, Azerbaijan, Libya, and Turkmenistan.

These countries present a wealth of opportunities for growth and development.

Arabtec Construction is well-positioned to capitalize on these opportunities, thanks to its experience in the region.

By expanding into these new markets, Arabtec Construction aims to increase its presence and influence in the MENA region.

The best project by Arabtec Holding is entirely subjective and depends on individual preferences.

Arabtec Holding's portfolio includes impressive projects like Burj Khalifa, The Address, Downtown Dubai, and Infinity Towers.

These projects are incredibly famous and offer unique features.

It's essential to research and assess which project aligns best with your investment criteria.

The ownership of Arabtec Holding PJSC Real Estate Development is distributed among its shareholders, who are the people who hold shares in the organisation. Since the company is listed publicly, its ownership is transparent.

Arabtec Holding PJSC's ownership structure is not explicitly stated in the article sections provided. However, we can infer that the company is publicly listed, which means its ownership is distributed among its shareholders.

If you're interested in learning more about Arabtec Holding PJSC's ownership, I recommend visiting their official website or contacting their head office directly for more information.

Arabtec Holding PJSC has been in the news for various reasons, including the sale of its engineering services business, cancellation of a $3 billion airport terminal contract, and consideration of buying Dubai interior design firm Depa.

Arabtec's engineering services business was reportedly put up for sale on August 22, 2023. Abu Dhabi cancelled a $3 billion airport terminal contract with Arabtec in July 2021.

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Arabtec's financial struggles led to thousands of job cuts in November 2020. The company asked banks for a debt standstill for its subsidiary, Target Engineering Construction Co, in October 2020.

Here's a list of some of the notable awards and recognition Arabtec Holding Co. PJSC has received:

Arabtec Holding has been in the news for various reasons. In 2022, Arabtec's Engineering Services Business was reportedly put up for sale on August 22.

Arabtec has had its share of controversies, including the cancellation of a $3 billion airport terminal contract by Abu Dhabi in July 2021.

In 2021, Saudi Arabia's Public Investment Fund (PIF) considered buying Dubai design firm Depa. This news was reported on June 30, 2021.

Here are some key events surrounding Arabtec Holding:

Arabtec has also made executive changes, with an announcement on February 4, 2021.

Arabtec Holding Co. PJSC has received numerous prestigious awards and recognition for its excellence in construction and development projects.

The company's commitment to quality has been consistently acknowledged by industry experts and international entities.

In 2005, Arabtec received the Gold Award for Emirates Hills in the Home Overseas Magazine Awards, UK.

The company's innovative design and superior technology implementation have been recognized globally.

In 2006, Le Reve won the Best Use of Technology and Best Luxury Development in the world Gold Awards in the Home Overseas Magazine Awards, UK.

Arabtec's projects have been recognized in various categories, including golf development and luxury development.

In 2007, Sanctuary Falls, 96 Villas won the Best Golf Development in the CNBC, Arabian Property Award.

Company of the Year award was given to Arabtec in 2007 at the Arabian Business Awards.

Here is a list of some of Arabtec's notable awards: