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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