Dubai-Mubasher: Arabtec Construction, leading a joint venture with TAV Construction, received a letter of intent from Bahrain’s Ministry of Transportation and Telecommunication Affairs for the main works of the Bahrain International Airport Modernization Program.
The project is funded by the Abu Dhabi Fund for Development, according to a bourse filing on Sunday.
The construction firm’s stock rose 10% to reach AED 1.21 after trading 106.55 million through 1,400, with a turnover of AED 130 million
