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Arabtec forms another Korea joint venture

ArabtecDubai builder Arabtec on Monday said that it has entered into a joint venture with South Korea’s GS Engineering & Construction to pursue heavy infrastructure and construction projects in the Middle East and North Africa.

Arabtec, which is expanding aggressively, launched a joint venture with another South Korean firm Samsung Engineering Co in September that would focus on large energy and power-related projects in the region.

The new venture, called Arabtec-GS Infrastructure, will be headquartered in Abu Dhabi, the Dubai contractor said in a statement on Dubai’s bourse.

 The partnership will pursue and perform large scale infrastructure projects like metro, railway, bridge, port and tunnel projects, the statement added.-Reuters