All Entries Tagged With: "The UAE’s largest contractor Arabtec"

Arabtec profit slashed by 50%

UAE’s largest contractor posts loss for last quarter of 2009. The UAE’s largest contractor Arabtec has posted a loss for the last quarter of 2009, with profit for the full year slashed by 50%. The contractor, whose projects include the world’s tallest tower, the Burj Khalifa, blamed the results on a charge of about $80m (£53.5m) for bad debts.