Arabtec, Dubai's largest listed contractor and another firm have been awarded a contract worth over half a billion dirhams to build villas for one of the emirate's flagship developers, Nakheel.
Arabtec will build 134 luxury villas at the Jumeirah Park development in Dubai, and the family owned contractor SS Lootah Group is to build 247 villas at the same location.
Nakheel's chief executive Sanjay Manchanda said today that the value of the joint contract was more than half a billion dirhams. Arabtec Construction's chief executive Greg Christofides said his firm's contract was worth Dh159 million.
Nakheel said it had sold more than Dh1.2 billion worth of villas in the project so far. Construction of the new villas will begin in February and the project is expected to be completed in the fourth quarter of 2014.
* Reuters
RedCrow Intelligence Company Profile
Started: 2016
Founders: Hussein Nasser Eddin, Laila Akel, Tayeb Akel
Based: Ramallah, Palestine
Sector: Technology, Security
# of staff: 13
Investment: $745,000
Investors: Palestine’s Ibtikar Fund, Abu Dhabi’s Gothams and angel investors
It
Director: Andres Muschietti
Starring: Bill Skarsgard, Jaeden Lieberher, Sophia Lillis, Chosen Jacobs, Jeremy Ray Taylor
Three stars
Dubai Bling season three
Cast: Loujain Adada, Zeina Khoury, Farhana Bodi, Ebraheem Al Samadi, Mona Kattan, and couples Safa & Fahad Siddiqui and DJ Bliss & Danya Mohammed
Rating: 1/5
Classification of skills
A worker is categorised as skilled by the MOHRE based on nine levels given in the International Standard Classification of Occupations (ISCO) issued by the International Labour Organisation.
A skilled worker would be someone at a professional level (levels 1 – 5) which includes managers, professionals, technicians and associate professionals, clerical support workers, and service and sales workers.
The worker must also have an attested educational certificate higher than secondary or an equivalent certification, and earn a monthly salary of at least Dh4,000.
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