By: Ramy Sameeh
Abu Dhabi-Mubasher: Arabtec Holding is expected to see a tough year in 2016, yet 2017 is likely to be better, the company’s chairman Mohamed Thani Al Rumaithi said.
Al Rumaithi refused to get into details regarding the company’s projects and future plans, on the sidelines Abu Dhabi Business Forum.
It is worth mentioning that the company incurred losses of AED 2.78 billion in 2015, compared to AED 241.58 million in 2014.
Arabtec is likely to make profits in 2017, Al Rumaithi previously told Mubasher.
Translated by: Julian Nabil
