Arabtec wins AED 353 mln contract for Expo 2020 pavilion

04/07/2017 Argaam

Dubai-listed contractor Arabtec Holding said it has won an AED 353 million contract from Abu Dhabi National Media Council to build the UAE Pavilion at Expo 2020.

 

Construction is scheduled to begin this month and is expected to be delivered in Q4 2019, the contractor said in a bourse statement.

 

The Arabtec stock soared 10.6 percent on Dubai Financial Market (DFM) to AED 3.23, following the news. 

 

The UAE pavilion, designed by Spanish architect Santiago Calatrava, is set on an area of 15,000 square meters (sqm), and has a built-up area of 19,200 sqm.

 

The pavilion’s design is said to be inspired by a falcon in flight.

 

Earlier in a separate statement, Arabtec said its subsidiary EFECO (Emirates Falcon Electromechanical Co) has won a contract for an AED 113 million project at the Dubai Creek Harbor development.

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