public shareholding company industry construction founded 1975 founder riad kamal headquarters shaikh zayed road al quoz st. 04 dubai united arab emirates services residential developments commercial developments hotels infrastructure high rise development super high rise development on and offshore oil and gas and industrial projects revenue 5.66 billion aed 2012 1 net income 139.2 million aed 2012 1 total assets 6.487 billion aed 2012 1 number of employees 42 000 website www.arabtecuae.com arabtec construction arabtec construction pjsc is the largest construction company in the persian gulf by market value . 2 3 4 5 arabtec has executed a number of high profile construction projects including the burj khalifa the tallest building in the world the fit out of burj al arab fourth tallest hotel in the world that was constructed by al habtoor engineering enterprises in partnership with murray and roberts terminal 1 of dubai international airport and passenger terminal of dubai world central international airport . 6 major high profile projects under execution include the underground cycle works for lakhta center in st. petersburg the tallest building in europe infinity tower and dubai sports city . 7 arabtec has business agreements with a number of major construction conglomerates across the world including the saudi binladin group . contents 1 overview 2 history 3 controversy 4 joint ventures and subsidiaries 5 major services and projects of arabtec 6 expansion plans 7 awards 8 references overview edit arabtec construction is a multinational construction company that is headquartered in dubai united arab emirates where it is one of the leading companies in its sector . 8 arabtec construction was established in dubai in 1975 and has completed a number of projects in different construction sectors such as high rise developments hotels and hotel interiors office blocks commercial developments industrial projects major airport developments stadiums infrastructure and drainage works offshore oil and gas installations and residential complexes . 9 10 growth in dubai was followed by geographical diversification and local and international expansion . arabtec construction has associated companies based in abu dhabi jordan pakistan qatar russia saudi arabia and syria . arabtec construction operates under arabtec holding pjsc . the group now consists of 13 subsidiaries each one providing end to end contracting services across the construction value chain . 11 arabtec holding was the first privately held company as well as the first construction company to go public in the uae . the company was listed on the dubai financial market dfm 12 in 2005 and since the ipo the stock has been one of the most traded in the region . in 2010 dubai financial market awarded arabtec holding as the most traded stock from year 2000 to 2010 . 13 arabtec on may 14 2014 signed an sponsorship agreement with premier league giants manchester city f.c. to sponsor the football club for 3 years . 1 history edit originally founded in 1975 arabtec took advantage of the emerging markets in the uae during the construction boom of the 1970s . arabtec construction started as a construction company specialized in high tech civil engineering and infrastructure works . during the 1980s arabtec began an involvement with the oil and gas sectors in abu dhabi . 14 in 1995 arabtec diversified into airport work which played a key role in the company s expansion and its rise to become one of the top contractors in dubai . by whom in the 1990s arabtec also expanded into the villa sector . the expansion into villas and housing led to the creation of a division called arabtec living which marked a key milestone in the expansion and growth of the company . citation needed as early as in 1976 arabtec made its first foray into high rise construction . in 2011 arabtec formed a joint venture with raheja developers of india . 15 raheja developers awarded construction contracts worth us 204 million to the jv . 15 the company s first project is to construct a 56 storied 196 meter high residential complex known as raheja revanta in gurgaon . 15 in 2013 arabtec formed a joint venture with samsung engineering of south korea . they will collaborate to undertake large scale projects in oil & gas power and infrastructure in the middle east and north africa . arabtec samsung will bid for contracts that range from 3 billion to 10 billion in value . 4 16 in 2015 arabtec posted a loss of 626 million . 17 controversy edit in a 2009 bbc panorama program arabtec was exposed as treating their migrant workers inhumanely . the program showed how arabtec failed to provide its workers with basic amenities to live with conditions deteriorating rapidly across the camp . 18 armed with secret cameras bbc reporters sneaked into the camp to be met with the smell of raw sewage . sewage had leaked out all over the camp and workers had to create a network of stepping stones to cross it and get back to their accommodation blocks . 18 documents which had been obtained by the bbc clearly show that a month previous to the television crews visit the dubai municipality described the sewage situation at the site as critical . arabtec had also been fined 10 000 aed 18 which is approximately 2 000 for neglecting hygiene standards and allowing sewage to overflow into accommodation used by workers . 18 arabtec said it did not accept that there were unsanitary conditions at any of its camps toilets . it blamed the workers saying despite training their standards of cleanliness and hygiene are not up to your or our standards . 18 joint ventures and subsidiaries edit arabtec holding pjsc dubai uae holding company management of subsidiaries 19 austrian arabian ready mix dubai uae manufacture and transportation of ready mix concrete products 20 house of equipment co. l.l.c dubai uae trading and leasing of construction equipment . 21 arabtec construction qatar l.l.c doha qatar civil construction and related works 22 arabtec precast l.l.c dubai uae manufacture of precast panels 23 nasser bin khaled factory ready mix concrete co. l.c.c doha qatar manufacture and transportation of ready mix concrete product . 24 emirates falcon electromechanical co. efeco l.l.c dubai uae electrical mechanical and plumbing contracts 25 arabtec construction india private limited gurgaon india jv with raheja developers for residential complex construction works 26 arabtec engineering services l.l.c dubai uae infrastructure construction works 27 arabtec construction syria l.l.c syria civil construction and related works 28 arabtec pakistan limited pakistan civil construction and related works 29 target engineering construction company abu dhabi uae civil construction and related works 30 gulf steel industries fzc sharjah uae fabrication of steel structures and profiles . 31 arabtec saudi arabia l.l.c saudi arabia civil construction and related works polypod middle east l.l.c abu dhabi uae manufacture of bathroom kitchen and hot press pods 32 arabtec egypt l.l.c cairo egypt egyptian construction and infrastructure markets with focus on residential infrastructure and commercial projects . 33 arabtec samsung engineering dubai uae energy and power related projects in north africa and the middle east 34 arabtec raheja delhi ncr india civil construction and related works 35 major services and projects of arabtec edit arabtec is one of the largest contractors for civil and infrastructure works having executed several notable projects such as the burj khalifa completed in january 2010 the tower is the tallest in the world standing 828 metres above ground . major projects executed or under progress 6 high rise developments e.g. burj khalifa tallest structure in the world infinity tower lakhta center karachi financial towers ocean heights 21st century tower citation needed hotels e.g. emirates palace hotel aloft hotel fairmont hotel the address downtown dubai hotel citation needed hotel interiors e.g. burj al arab jumeirah beach hotel and ritz carlton citation needed commercial e.g. dubai maritime city dubai international financial center gate village exhibition centre for adnec citation needed oil and gas e.g. mubarraz island gas processing plant citation needed major airport developments e.g. dubai airport and dubai world central international airport citation needed stadiums e.g. ghantoot grandstand and dubai sports city stadiums citation needed residential complexes e.g. emirates hills arabian ranches raheja revanta gurgaon india and jumeirah beach residences mixed use developments e.g. al waab city citation needed industrial and marine projects e.g. abu dhabi ship building facility mubarraz island oil processing plant citation needed educational developments e.g. princess nora bint abdul rahman university saudi arabia citation needed oil gas and power e.g. middle east and north africa ; joint venture with samsung engineering . 4 expansion plans edit arabtec construction has announced plans to expand into the emerging markets of the middle east and north africa mena region . plans are set to enter algeria angola azerbaijan libya and turkmenistan . citation needed arabtec was in 2009 ranked as the 104th largest global contractor based on the total firm contracting revenue according to the engineering news record . 36 awards edit company awards world finance company of the decade 2000 2010 world finance magazine march april 2011 2011 37 world finance company of the decade 2001 2010 by world finance magazine march april 2011 citation needed the big project b green award 2011 contractor of the year citation needed certificate of exemplary performance to arabtec qatar from ministry of labour national committee for health and safety qatar 2012 citation needed most traded stock from year 2000 to 2010 dubai financial market 2010 13 construction firm of the year naseba kingdom expansion congress 2009 citation needed mohammed bin rashid al maktoum mrm business award 2008 construction category 2008 38 uae top contractor 2008 construction world gulf awards 2008 citation needed company of the year arabian business awards 2007 39 best contracting company in uae 2007 al mazaya group 2007 citation needed project awards the address downtown burj dubai burj lake hotel best hotel in the world in 2011 at global traveller awards citation needed aia chicago distinguished building award citation of merit burj khalifa citation needed aia chicago interior architecture award citation of merit public areas at the residences of burj khalifa . citation needed meed gcc building project of the year 2012 citation needed meed uae building project of the year 2012 citation needed the address downtown dubai new hotel 2008 at the world hotel award 2008 40 infinity towers six world class design awards cayan investment development 41 sanctuary falls 96 villas best golf development cnbc arabian property award 2007 42 le reve best luxury development in the world gold awards home overseas magazine awards uk 2006 43 le reve best use of technology home overseas magazine awards uk 2006 43 emirates hills gold award home overseas magazine awards uk 2005 43 references edit a b c arabtec holding co artc dfm . businessweek.com . retrieved 2013 04 21 . dubai s arabtec holding appoints new chairman elizabeth broomhall 2013 04 21 . arabtec profile rising from the ashes . constructionwweekonline.com . retrieved 2010 06 13 . a b c zainab fattah 2013 04 17 . arabtec and samsung engineering form joint venture . bloomberg.com . retrieved 2013 04 21 . michael fahy 2013 04 21 . face to face arabtec ceo hasan abdullah ismaik . constructionweekonline.com . retrieved 2013 04 21 . a b completed projects on going projects arabtec to hire thousands of new staff arabtec construction about us menon praveen 2013 04 13 . dubai developer arabtec s shareholders approve capital raise . reuters.com . retrieved 2013 04 21 . arabtec holding dfm a b dfm arabtec holdings artc.du pdf . taib.com . 2006 10 02 . retrieved 2013 04 21 . a b c raheja forms jv with dubai s construction firm arabtec arabtec and samsung to make joint bid for giant projects . arabnews.com . 2013 04 18 . retrieved 2013 04 21 . http www.arabianbusiness.com dubai s arabtec reports 626m loss for 2015 622280 . html a b c d e dark side of the dubai dream . bbc news