‘Major milestone’ for UAE’s Arabtec in new partnership with Samsung | The National

‘Major milestone’ for UAE’s Arabtec in new partnership with Samsung | The National:

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Arabtec has launched a joint venture with Samsung. Silvia Razgova / The National
 

Arabtec Holding, associated with some of the UAE’s most prestigious building projects including the Louvre Abu Dhabi, has launched a joint venture with the engineering arm of the South Korean conglomerate Samsung.

Arabtec regards the deal as a “major milestone” in its new strategic direction to expand into more complex engineering and “big ticket” infrastructure work around the Middle East and North Africa.

The chief executives – Hasan Ismaik for Arabtec and Park Choong-heum for Samsung Engineering – signed the terms of the deal at a ceremony in Seoul yesterday."

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