UAE’s Construction Tech Wins $47m Deals in Iraq
Construction Tech, part of the UAE-based Tech Group, has won two significant deals in Iraq totaling over $47 million, according to a report from Trade Arabia.
The bigger of the contracts is a $45 million deal to revamp the Central Bank of Iraq, while there is also a $2.15 million agreement with Shell to support development of its main office in Burjisia, Basra.
Construction Tech will undertake extensive reconstruction of the exterior of the Central Bank, overhaul elevators, and update IT systems, with assistance from other parts of the group, such as Elevators-Tech, MEP Tech and Wood Tech.
Under the agreement with Shell, the company will supply and erect the main office building for its operations at the Majnoon oil field.
Ghaleb Kamel Jaber, vice chairman and partner of Tech Group, said:
“Winning these contracts signifies the increasing presence of the UAE-based companies in the infrastructure development and maintenance activities in Iraq. For Tech Group, these projects will help us further firm up our presence in Iraq across various construction and redevelopment opportunities.”
Ali Ghaleb Jaber (pictured), Group CEO, said:
“We consider winning these two contracts in Iraq within a short span of time ever since we made our presence in that country a testimony to the capabilities of the group as a whole and specifically an endorsement to the expertise of Construction Tech.”
“We are now one of the major players in Iraq’s construction and infrastructure development activities with a line-up of significant projects under our portfolio. We are also present in the oil sector now with significant wins.”
(Source: Trade Arabia)