Dubai's Arabtec forms another South Korean joint venture
DUBAI Nov 4 (Reuters) - Dubai builder Arabtec on Monday said that it has entered into a joint venture with South Korea's GS Engineering & Construction to pursue heavy infrastructure and construction projects in the Middle East and North Africa.
Arabtec, which is expanding aggressively, launched a joint venture with another South Korean firm Samsung Engineering Co in September that would focus on large energy and power-related projects in the region.
The new venture, called Arabtec-GS Infrastructure, will be headquartered in Abu Dhabi, the Dubai contractor said in a statement on Dubai's bourse.
The partnership will pursue and perform large scale infrastructure projects like metro, railway, bridge, port and tunnel projects, the statement added. (Reporting by Praveen Menon; Editing by Dinesh Nair)
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