Arabtec subsidiary teams up with local and Chinese firms to carry out mechanical and plumbing works
The local Arabtec Holding has announced that its subsidiary, Emirates Falcon Electromechanical Company (Efeco), has won a AED878m ($239m) joint venture contract to carry out mechanical and plumbing work at the new Midfield Terminal Building (MTB) at Abu Dhabi International airport.
The 700,000 square-metre terminal building will be able to accommodate up to 65 aircraft, including the Airbus A380, with an expected capacity of 30 million passengers a year. Check-in will provide 165 conventional counters and 48 self-service kiosks capable of handling 8,500 passengers, both arriving and departing, an hour.
The MTB project is currently being built by a joint venture of Arabtec Construction, Turkeys TAV Construction, and the local Consolidated Contractors International, which awarded the contract for mechanical and plumbing work to a joint venture of Efeco, the UAE-based BK Gulf, and China State Construction Engineering Corporation. Efeco will play a full role in delivering the complex mechanical scope of the project.
We are pleased with this new contract win, adding to Efecos already impressive backlog, which has already crossed the AED1bn mark, said Hasan Abdullah Ismaik, managing director and CEO of Arabtec Holding.
Efeco became a fully owned subsidiary of Arabtec in October 2013, when Arabtec Construction completed the acquisition of the remaining 45 per cent stake in the company. Following the acquisition, Arabtec Holding injected AED500m into the companys share capital to grow the business by investing in equipment and machinery, enabling Efeco to bid for higher-value projects and expand into other Gulf countries, as well as Egypt and other North African countries.
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