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Dubai court okays bankruptcy proceedings of Arabtec, subsidaries DUBAI, 8 days ago UAE construction group Arabtec Holding said a Dubai court has approved the opening of its bankruptcy proceedings along with its six subsidiaries -  Arabtec Construction Abu Dhabi, Arabtec Construction Dubai, Austrian Arabian Ready Mix Concrete and Arabtec Precast in addition to Emirates Falcon Electromechanical Company (Efeco) Abu Dhabi and Efeco Dubai.    The court has also appointed a trustee for each of the entities and ordered them to review its debts, deposit a list and a record of Arabtec Holding, its creditors and conduct all the procedures stipulated under the bankruptcy law within 35 days, said Arabtec in its filing to Dubai bourse.

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