Al Jaber $545m road-build contract

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Al Jaber $545m road-build contract

Al Jaber has been awarded the contracts for improvements to two sections of the highway from Mafraq on the outskirts of Abu Dhabi by Abu Dhabi General Services.

A subsidiary of Abu Dhabi’s Al Jaber Group has won two road-building contracts in the emirate worth about Dhs2 billion ($545 million) combined, the company said.

Abu Dhabi General Services Co awarded the contracts to Al Jaber Transport & General Contracting for improvements to two sections of the highway from Mafraq on the outskirts of Abu Dhabi to Al Ghwaifat on the Saudi border and near Qatar.

Family-owned Al Jaber Group’s main business is construction but it also has interests in areas from retail to aviation.

It sealed a drawn-out debt restructuring agreement last June which is said to have set new terms on around $4.5 billion of obligations.

Source: Gulf Business

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Moving Abroad Checklist

Initial Considerations

Will your partner be travelling with you?

If so, what will they be giving up in your present home and will they be able to continue with their career in your new home? You will need to check whether a separate visa is required for your partner to work or if your visa gives that right. If they are unable to work you will need to decide on the effect on your finances and what alternatives are available to give a fulfilling life (home business, training, voluntary work).

Are you taking family with you?

Moving with family raises many exciting opportunities, but also can create challenges. The HSBC Expat Explorer survey indicates that expat kids can take six months to settle in to their new country (see article). Getting young or even older children to prepare to move and leave their friends and family behind can be a challenge and should be thought through.

The options for education is another area that needs to be thought through.

Moving your child to a new country with a different education system can be a great opportunity to broaden their experience, but if they are close to key exams the timing can make this inadvisable. If you do take your family with you, it is important to decide between joining the local school system or choosing an international school.

Where will you be living?

Whether you will be living in a house or apartment, furnished or unfurnished, these decisions will affect what you need to take with you. The time you are planning to live overseas will also affect whether you should leave your property at home empty, rent it out or sell it. See the article Sell, Store or Ship.