Dubai-owned ALEC Engineering & Contracting buys Target, combined turnover of around $2b
Deal creates an entity with combined turnover of around $2b
Source: gulfnews.com
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ALEC takes over Dubai EPC contractor Target Engineering
In a major move, ALEC Engineering and Contracting, a part of Dubai wealth fund ICD (Investment Corporation of Dubai), has signed a share purchase agreement to acquire Target Engineering, a leading EPC contractor for marine and industrial construction.
Source: tradearabia.com