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LCL gets RM5.25m refund from Arabtec

KUALA LUMPUR :  LCL Corp Bhd will receive a refund of 5.44 million dirham (RM5.25 million) from Arabtec Construction LLC following the resolution of a payment dispute over the Tiara United  Tower in Dubai. LCL, a Malaysian interior fit-out, told Bursa Malaysia on June 23 that both parties had resolved the final account for the project. Under the resolution, LCL would receive the RM5.25 million from Arabtec, the main contractor for Tiara United Tower , and thereby cease the civil suit against A...
Kuala Lumpur United Arab Emirates Corp Bhd Interiors Contracting Arabtec Construction Tiara United

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Arabtec hires global advisors for sale of Dubai engineering unit

Arabtec hires global advisors for sale of Dubai engineering unit DUBAI, January 13, 2021 Arabtec Holding, a top construction company in the Middle East region, said it has signed up corporate advisory firms deNovo and Lumina Capital Advisers for managing the proposed sale of its key subsidiaries Target and Arabtec Engineering Services (AES).   Target Engineering is a leading EPC contractor offering in-house services for major construction disciplines in onshore and offshore areas, while A...
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