January 8, 2013 / 4:46 AM / 7 years ago

Dubai's Arabtec awarded $653 mln Louvre Abu Dhabi contract

DUBAI, Jan 8 (Reuters) - Dubai-listed Arabtec Holdings has been awarded the contract to construct the Abu Dhabi branch of the Louvre museum, the contractor said in a bourse filing on Tuesday.

The contract, awarded by Abu Dhabi’s Tourism Development and Investment Co (TDIC), is valued at 2.4 billion dirhams ($653 million).

Construction will begin immediately, with the museum set to open in 2015, the statement added.

$1 = 3.6731 UAE dirhams Reporting by David French; Editing by Andrew Torchia

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