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Posted On: 11 May 2009 11:06 am
Updated On: 12 November 2020 02:09 pm

Abu Dhabi firm eyes $554m Qatar deal by end of year

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Abu Dhabi contractor National Projects & Construction is targeting a AED2bn ($544.5m) contract in Qatar, and is hoping to sell shares to the public within two years, its general manager said. Speaking to reporters on Sunday after securing a AED1.6bn contract in Abu Dhabi with Dubai's Arabtec, Paul Majoor said the firm was also looking to expand into Saudi Arabia, Morocco and Libya. The company has a 15 projects in Abu Dhabi worth about AED4bn, including developments on Reem island, Majoor said.