Continuity of works and payments two biggest challenges

Continuity of work and payments are the two biggest challenges facing Arabtec, said its CEO in an exclusive interview with Emirates Business. Riad Kamal, CEO at Arabtec Holding, added that the borders are opening up for the group and hopes are pinned on good news from Abu Dhabi and Russia this month.

Are you looking at joint ventures in the UAE and the region? Consultants are now saying that there is potential in design-build projects.

Whenever it is necessary for us to form JVs with architectural or engineering firms, we will do it. But there is no such thing as a permanent JV. It will be on a project to project basis. Alliances are extremely useful. We are continuously looking at the right alliances to improve our chances of getting the job and doing it right. Our alliance with Samsung and Besix has been terrific, the one with Max Bogel has worked very well and likewise, with WCT.