How Arabtec ended 2014 on a downward spiral | The National:
"Arabtec, the UAE’s largest listed builder, started last year in buoyant mood.
The company was in expansion mode after the Abu Dhabi government-owned fund Aabar increased its stake in the company in 2012 and took seats on the board, indicating to the world that it was putting its considerable financial weight behind the Dubai-based contractor, which had been hit hard by the global financial crisis.
With real estate markets once again booming and orders flooding in from the likes of the re-started Louvre museum on Saadiyat Island and the new Abu Dhabi Midfield Terminal, now was the time, it seemed, to cash in and expand."
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